A first-time home buyer specialist in Bothell can guide you through the unique process of purchasing your first home in Washington state. Washington law requires a real estate excise tax and offers specific down payment assistance programs like the Washington State Housing Finance Commission loan. Working with a local specialist helps you navigate Bothell market conditions and available first-time buyer incentives.
What Does a First-Time Home Buyer Specialist in Bothell Cost?
Typical costs for a first-time home buyer specialist in Washington include a commission paid by the seller usually 2.5 to 3 percent of the purchase price. Buyers should also budget for closing costs which range from 2 to 5 percent of the home price including title insurance and escrow fees. Washington state charges a real estate excise tax of 1.28 percent on the first 500 thousand dollars of the sale price. This is general information and not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
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