Understanding Closing Costs in Massachusetts: What Buyers & Sellers Need to Know

by Donald Wagnon

Understanding Closing Costs in Massachusetts: What Buyers & Sellers Need to Know

Wondering what closing costs look like here on the SouthCoast? Whether you’re buying or selling, knowing the details upfront can save you stress and help you plan smartly.

What Are Closing Costs?

Closing costs are the fees and charges—beyond the home’s sale price—that wrap up your real estate transaction. Buyers and sellers each have their own checklist, depending on the loan, the property, and the community.

Typical Buyer Closing Costs in Massachusetts

In places like New Bedford, Dartmouth, Fairhaven, or Fall River, expect 2–5% of the home’s purchase price in closing costs.

Common items include:

Lender fees (origination, application, underwriting)
Appraisal & inspection
Title search & insurance
Prepaid taxes & insurance
Recording fees

So, on a $400,000 home, closing costs might land between $8,000–$20,000.

Good news: First-time buyers may qualify for help with these expenses.
Check out the blog on First-Time Home Buyer Assistance Programs in New Bedford & Massachusetts to learn about MassHousing and the Neighborhoods First Program for income-eligible buyers.

Typical Seller Closing Costs in Massachusetts

For sellers, closing costs commonly range from 6–10% of the sale price, primarily due to commissions.

These include:

Agent commissions
Attorney fees (required in MA)
Recording & excise fees
Paying off existing mortgages
Contracted repairs or seller credits

For example, on a $500,000 home in Fairhaven, you could see total closing costs between $30,000–$40,000, depending on rates and fees.

Why It Matters

Buyers: Helps you budget accurately and avoid surprises at closing.
Sellers: Ensures you price your home correctly and know what you’ll actually receive in proceeds.

Bottom Line

Closing costs might seem like extra hurdles, but they’re simply part of the process—when you understand them, you can navigate your move with confidence. And if you’re new to home buying, don’t forget to look into assistance programs to offset those upfront costs.

Whenever you're ready, reach out—I’d be happy to help walk you through closing estimates, program eligibility, or how these costs affect your move on the SouthCoast.