On average, how much closing costs do seller’s pay?
Feb 14th, 2010 by Mason
While the Georgia Association of Realtors’ Purchase and Sale contract commonly used for home sales puts the responsibility of paying closing costs on the Buyer, it is very common for buyers to request that the seller contribute a specified sum to help cover the buyer’s closing costs. Many sellers don’t end up paying any of the buyer’s closing costs while others pay up to 6% of the sales price (FHA loans allow up to 6%). In a buyer’s market, financing concessions on the part of the seller are more common. I’ve aggregated data from First Multiple Listing Service (FMLS) and came up with the following statistics for 2009:
30080 Single Family - 293 sales ranging from $25,000 to $1,490,000. On average, sellers contributed 1.45% of the sales price toward their buyer’s closing costs.
30080 Condo/Townhome - 257 sales ranging from $25,000 to $711,500. On average, sellers contributed 2.17% of the sales price toward their buyer’s closing costs.
30082 Single Family - 259 sales ranging from $19,900 to $765,000. On average, sellers contributed 1.92% of the sales price toward their buyer’s closing costs.
30082 Condo/Townhome - 104 sales ranging from $27,000 to $765,000. On average, sellers contributed 2.19% of the sales price toward their buyer’s closing costs.
30126 Single Family - 404 sales ranging from $10,500 to $1,850,000. On average, sellers contributed 1.84% of the sales price toward their buyer’s closing costs.
30126 Condo/Townhome - 100 sales ranging from $22,000 to $365,000. On average, sellers contributed 2.67% of the sales price toward their buyer’s closing costs.











