---
title: "Closing Costs in Virginia Explained: What Buyers and Sellers Actually Pay (2026)"
url: https://www.danielyoonrealty.com/blog/closing-costs-virginia-explained/
date: 2026-04-28
modified: 2026-04-28
author: "Daniel Yoon"
description: "by Daniel Yoon | eXp Realty | Richmond, Virginia Closing costs in Virginia run 2% to 5% for buyers and 6% to 8% for sellers. On a $400,000 home, buyers..."
categories:
  - "Buyer Resources"
  - "Guides"
image: https://www.danielyoonrealty.com/wp-content/uploads/2026/04/featured-1115-1024x536.jpg
word_count: 218
---

# Closing Costs in Virginia Explained: What Buyers and Sellers Actually Pay (2026)

*by Daniel Yoon | eXp Realty | Richmond, Virginia*

Closing costs in Virginia run 2% to 5% for buyers and 6% to 8% for sellers. On a $400,000 home, buyers budget $8,000 to $20,000 and sellers expect $24,000 to $32,000.

## Buyer Closing Costs: Line by Line

- Loan origination: 0.5-1% = $1,900-$3,800
- Appraisal: $450-$600
- Inspection: $400-$600
- Title search and insurance: $1,200-$2,000
- Attorney/settlement: $500-$800
- Recording fees: $200-$400
- Prepaid taxes: $500-$2,000
- Prepaid insurance: $1,200-$2,000

Total: $7,000-$14,000 on $400K purchase.

## Seller Closing Costs

- Agent commissions: 5-6% = $20,000-$24,000
- Transfer taxes: $800
- Title insurance: $800-$1,200
- Attorney fee: $400-$700

Total: $24,000-$32,000 on $400K sale.

## How to Reduce Costs

### For Buyers

- Negotiate seller concessions (2-3% in current market)
- Shop lenders for best fees
- Use Virginia Housing programs
- Close end of month to reduce prepaid interest

### For Sellers

- Negotiate commission rates
- Price correctly to attract multiple offers and limit concessions

## FAQs

### How much are closing costs in Virginia?

Buyers: 2-5%. Sellers: 6-8% including commissions.

### Who pays closing costs?

Both pay different costs. Many are negotiable. Sellers often contribute 2-3% toward buyer costs.

### What is the grantor tax in Virginia?

$1.00 per $500 of sale price, paid by seller. $800 on a $400K sale.

**Want exact cost numbers?** Call Daniel Yoon at (804) 896-2694.

## Related Articles
- [First-Time Buyer Programs](/first-time-home-buyer-programs-richmond-va)- [Sell for Top Dollar](/how-to-sell-home-richmond-va-top-dollar)- [Earnest Money Guide](/earnest-money-virginia-how-it-works)- [Title Insurance Explained](/title-insurance-virginia-explained)- [Home Appraisal Guide](/home-appraisal-richmond-va-guide)