United States

Round Trip Transaction Costs - United States Compared to Continent

Footnote

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Canada	6.96%
USA	9.07%

 

 

United States: Round trip transaction costs (%).

The total cost of buying and then re-selling a residential property, including all costs (except the sale price itself), expressed as percentage of the property value.

Assumptions:

• The property is purchased by a non-resident foreigner in the country where he/she is buying
• The property is worth US$250,000 (€250,000 for Europe)
• The property is paid in cash
• The property is a condominium located in a major city
• The property is not newly-built
• The property is bought from an individual and not a developer or real estate holding company.

Transaction costs can be broken down into four major cost areas:

• Registration costs
• Real estate agent fees
• Legal fees
• Sales and transfer taxes

Other incidental costs (survey fees, residency permit cost, or company setup costs), are not included in our calculations. In most cases value added tax (VAT) is not included, because our figures reflect the purchase of old, not new, properties.

Costs paid by buyers and sellers vary widely. Agents’ and lawyers’ costs are often negotiable. Buyers of expensive properties often pay proportionately lower agents’ fees. For the full spectrum of possible transaction costs see the Country | Buying Guide.

For fuller details see the Data FAQ.

Source: Global Property Guide Research

 

USA has excellent house price statistics. The Office of Federal Housing Oversight (OFHEO) produces quarterly house price indices for all 51 states. Quarterly median prices, affordability index, house sales and construction activities are from the National Association of Realtors (NAR). Rent statistics are from the US Census Bureau.

Excellent economics statistics are from the Bureau of Economic Analysis and Bureau of Labor Statistics.