Closing Cost Calculator for Kentucky: Seller Averages
This free calculator can help home sellers in Kentucky estimate their closing costs and net proceeds. To get a ballpark idea of the cost of selling a house in the Bluegrass State, enter the information for each of the input fields above. You can see typical or state averages for most Kentucky seller closing costs below.
See a full cost and proceeds breakdown
A top real estate agent can provide you with a Seller’s Net Sheet that breaks down all the costs of selling your home, along with an estimate of the proceeds you can expect. Use HomeLight’s free Agent Match platform to find a trusted local agent with excellent reviews and a proven track record.
Home Selling Price: $263,000
How does your home compare to the state’s median selling price of $263,000? To determine your listing price, you can:
1. Get a preliminary estimate with HomeLight’s free Home Value Estimator
2. Request a Comparative Market Analysis (CMA) from a top Kentucky agent
3. Purchase a pre-listing home appraisal (typically $600 in Kentucky)
4. Visit this HomeLight map link to compare recently sold homes in Kentucky
Mortgage Payoff Amount: $155,649
According to the credit experts at Experian, the average mortgage balance for Kentucky homeowners is $155,649. To find your exact payoff amount, check your latest mortgage statement or contact your mortgage servicer.
Listing Agent Fee: $6,575–$7,890
A typical listing agent commission in Kentucky is 2.5% to 3% of the home’s selling price. On a $263,000 house, your agent’s fee might range from $6,575–$7,890.
Get the Highest Proceeds: HomeLight data shows that the top 5% of agents sell homes faster and for up to 10% more than average agents. Try HomeLight’s free Agent Match platform to consult with the highest-performing agents in your Kentucky market.
Buyer’s Agent Fee: $6,575–$7,890
In the past, sellers covered both the listing agent and the buyer’s agent fees. However, following a landmark court settlement by the National Association of Realtors, buyers are now expected to negotiate compensation directly with their own agents. If you’re offering to pay this fee to attract buyers, on a $263,000 median-priced Kentucky home, you can expect to pay $6,575–$7,890.
Detailed Closing Costs: $3,682
Closing costs in Kentucky average about 1.4% of the home’s sale price. On a median-priced home of $263,000, you might pay $3,682. Below are some of the typical types of closing costs you can expect:
- Home Preparations: Consider sprucing up the home’s curb appeal, which can include staging the property, giving it a deep cleaning, or landscaping.
- Renovations/Repairs: Fixing or updating your property to meet buyer expectations or inspection requests.
- Title Service Fees: Title company work required to verify legal ownership and help manage the transfer of the property.
- Owner’s Title Insurance: A one-time insurance premium paid by the seller to protect the buyer from title issues or ownership disputes. Buyers will typically pay for this in Kentucky, but sellers can choose to do so as a concession.
- Transfer Taxes: Kentucky home sellers pay a transfer tax rate of $0.50 for every $500 of the property’s value.
- Recording Fees: These are fees paid to the local government to record the change in property ownership for official records.
- Buyer Incentives: Credits or concessions you might offer buyers, such as paying the buyer’s agent fees or offering a rate buydown.
- Other Costs: Miscellaneous expenses not covered in other categories, such as attorney fees and HOA transfers. (An attorney is not required to sell a house in Kentucky.)
- Moving Expenses: While not technically a closing cost, you might want to include this expense in your budget, which can range from $883 to $7,000.
Make Buying and Selling Easier: Most Kentucky sellers are also buyers looking to purchase a new home. With HomeLight’s Buy Before You Sell program, you can make a non-contingent offer on your new home and only move once. Watch this short video to learn more.
More Helpful Seller Tools From HomeLight
Here are some additional tools you may find helpful as you plan your Kentucky home sale:
- Listing Agent Match platform
- Home Value Estimator
- Best Time to Sell Calculator
- Agent Commissions Calculator
- Net Proceeds Calculator
Want to avoid closing costs and sell fast? Get a cash offer today.
With HomeLight’s Simple Sale platform, you can receive a no-obligation, all-cash offer in 24 hours and close in as few as 10 days. Answer a few questions about your Kentucky home to get started. Along with your offer, you’ll also see an estimate of what a top Kentucky agent might be able to get for your home. Get both options with one tool.
As you look ahead to your next home purchase, here are some helpful buyer tools: