How Much Are Closing Costs for Buyers in the Triangle?
Buyers in the Raleigh-Durham-Chapel Hill Triangle typically pay 2–5% of the purchase price in closing costs, separate from the down payment. On a $500,000 home, that’s $10,000 to $25,000 in additional cash you’ll need at closing. North Carolina is an attorney-closing state, so an attorney fee is required on every transaction, unlike in most other states. Beyond lender fees, appraisal, and title insurance, you’ll also pay prepaids: upfront deposits for homeowners insurance and property taxes that can add several thousand dollars more than buyers expect.
