Decoding Closing Costs in Oregon and Washington: Who Pays What?

When you finally reach the closing table for a real estate transaction in the Pacific Northwest, the "cash to close" number can be a shock if you aren't prepared. Whether you are buying or selling in Oregon or Washington, the transaction involves a variety of fees, taxes, and prepayments.

To help you budget accurately in 2026, here is a quick breakdown of who typically pays what when closing on a home in the PNW:

What the Buyer Typically Pays Buyers are generally responsible for the costs associated with getting their mortgage.

• Loan Origination & Appraisal Fees: These go directly to your lender for processing the mortgage and hiring the appraiser.
• Prepaid Escrow Items: You will need to pre-pay a few months of property taxes and your first year of homeowners insurance to fund your escrow account.
• Recording Fees: Paid to the county to legally record the new deed in your name.
• Home Inspections: Paid out-of-pocket directly to the inspector before closing.

What the Seller Typically Pays Sellers are generally responsible for the costs of transferring a clean, unencumbered title.

Real Estate Commissions: Historically and currently in 2026, sellers typically pay the listing agent’s commission out of their equity (and may offer concessions for the buyer's agent).

• Title Insurance (Owner's Policy): Sellers purchase this policy to guarantee to the buyer that the home's title is free of any liens or legal disputes.
• Excise Tax (Washington): Washington sellers must pay a Real Estate Excise Tax (REET) based on the final sale price.
• County Property Taxes: The seller pays their prorated share of property taxes right up to the exact day of closing.

(Note: In a shifting market, everything is negotiable! Buyers can often ask sellers for "closing cost credits" to help cover their side of the fees.)

Want a complete estimate of what your closing costs will look like? We can provide a detailed net sheet before you even list your home or write an offer.

Call us today to start your real estate journey with total financial clarity!

Call: (503) 300-6614