What Are Closing Costs for Buyers and Sellers in Idaho? Here’s What to Expect
Buying or selling a home is a big financial move—and closing costs are one of those line items that can catch people off guard if they’re not prepared. Whether you’re purchasing your first home in Boise or listing your property in Eagle, understanding closing costs can help you budget wisely and negotiate more confidently.
What Are Closing Costs?
Closing costs are the fees and expenses—outside of the home price—that buyers and sellers pay to finalize a real estate transaction. In Idaho, these costs typically range from 2% to 5% of the purchase price.
Buyer Closing Costs in Idaho
Buyers in Idaho typically pay for:
- Lender fees: Appraisal, loan origination, underwriting
- Title services: Title insurance (lender’s), escrow fees
- Home inspection & appraisal
- Prepaid costs: Property taxes, homeowner’s insurance, and interest
- Recording fees and transfer taxes
On a $500,000 home, buyers might expect $10,000–$15,000 in closing costs, depending on loan type and service providers.
Seller Closing Costs in Idaho
Sellers usually cover:
- Real estate agent commissions – Usually 5–6% of the sale price (split between buyer and seller agents)
- Owner’s title insurance
- Escrow and settlement fees
- Outstanding property taxes or HOA dues
- Repairs negotiated during inspection
For a $500,000 home, sellers could pay $30,000 or more in total closing costs, most of which comes from agent commissions.
Who Pays What?
While there are “typical” costs assigned to each side, everything is negotiable. In competitive markets like Boise or Meridian, sellers might offer to cover part of a buyer’s closing costs to sweeten the deal.
Local Insight Matters
Every transaction is different—and the specifics of your costs can vary by location, lender, and title company. At Abmont Realty Group, we walk our clients through their estimated closing costs early in the process, so there are no surprises at the closing table.
📞 Call Abmont Realty Group at 208-789-4320 to explore your options or get a free home value estimate.