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Disclaimer: These are estimates only. Actual closing costs vary by lender, title company, state/county, and closing date. Your Loan Estimate (TRID) is the source of truth.
Vermont Closing Costs Breakdown
Closing costs in Vermont typically range from 2.5% to 4% of the purchase price. For a median-priced home near $407,000, buyers should budget $10,175 to $16,280 at closing. Vermont's relatively high transfer tax and attorney-closing requirement add to costs in a state with rising home values driven by remote-work migration.
Transfer Taxes & Fees
Vermont charges a property transfer tax of 1.25% of the purchase price on the buyer (reduced to 0.5% on the first $100,000 for primary residences). For a primary residence purchase of $407,000, the effective buyer transfer tax is approximately $3,832 (0.5% on the first $100,000 and 1.25% on the remaining $307,000). This is one of the higher transfer tax burdens in New England for buyers.
Attorney Requirements
Yes, Vermont is an attorney-closing state. A licensed Vermont real estate attorney must conduct the title examination and closing. Attorney fees in Vermont typically range from $700 to $1,200. Vermont's strong attorney-closing tradition provides buyers with thorough legal protection, particularly important for complex rural land transactions involving easements and right-of-way.
Local Quirks & Need-to-Know
Vermont's Act 250 land use permit system applies to many development projects and subdivision activities, which can affect title and property rights on certain parcels. Buyers of rural land should confirm Act 250 permit status. Vermont has a 10% tax on short-term rentals, and properties used as vacation rentals may have special disclosure requirements. Property taxes are paid in arrears, and a seller credit is standard.