Iowa City, IA local closing costs

Cost to sell a house in Iowa City, IA.

On a typical $235,000 Iowa City sale, total seller costs to list and close traditionally run about $18,156 roughly 7.7% of the sale price. Here's the line-item breakdown.

Median DOM: 52 days
Median income: $66,665
Total transfer rate: 0.16%

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List with an agent

$235,000 sale price

Agent commission (5.5%)$12,925
State + local transfer tax (0.16%)$376
Owner's title insurance (0.3%)$705
Recording / settlement / attorney$600
Pre-listing repairs (1%)$2,350
Staging + photography$1,200

Total costs$18,156

Net to seller$216,844

Time to close varies with market demand, financing, inspections, and title work.

Home Posted cash offer

$183,300 offer (~78% of retail)

Agent commission$0
Transfer tax(Buyer pays)$0
Title insurance(Buyer pays)$0
Closing / attorney fees(Buyer pays)$0
Repairs(As-is, buyer's problem)$0
Staging / photography(Not needed)$0

Total costs$0

Net to seller$183,300

Timing, contingencies, and seller costs are stated in the written offer.

Net difference

Listing nets you more: $33,544

The trade is time, certainty and effort vs the last few percent of retail. If your house needs repairs or you can't wait 90 days, the cash path usually wins on the math too.

Attorney required?

Not required in Iowa, but title companies handle most closings.

Transfer tax

IA charges $0.80/$500 in transfer tax. No title insurance, Iowa Title Guaranty instead.

Repair credits

On a traditional listing, post-inspection repair credits in Iowa City commonly cost sellers another $2-8k beyond the budget above.

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