Buyers typically pay 2-3% of the purchase price in closing costs in Utah. On a $500,000 home that’s roughly $10,000-$15,000. Includes:
- Lender fees (origination, underwriting)
- Title insurance & escrow fees
- Appraisal ($500-$700)
- Home inspection ($350-$550)
- Recording fees & transfer taxes (Utah has no real-estate transfer tax at the state level)
- Prepaid property taxes & insurance (escrow reserves)
Sellers typically pay 6% of sale price in agent commissions plus a few hundred in title/escrow fees. Many buyer-agent commissions are now negotiated separately after the 2024 NAR settlement.