Maine seller net sheet and closing costs

In Maine, the seller usually pays the agent commission, their own loan payoff and half of the real estate transfer tax (split equally between buyer and seller). The buyer usually pays the lender fees, the lender's title policy, half of the real estate transfer tax (split equally between buyer and seller) and the owner's title policy. Each side pays its own settlement or escrow fee.

The buyer usually pays for the owner's title policy in Maine. In Maine, each title insurer files its own rates. So prices differ between title companies. The net sheet uses typical rates. The title company that runs the closing gives the final quote. A title company or attorney usually handles the closing.

Transfer tax is paid half by each party.

NetSheet.org is not tied to any title company. The net sheet works with any title or escrow company. See how it compares with title company net sheet tools.

Each side pays the taxes for the days it owns the home. Property taxes in Maine are paid in advance. So the buyer usually pays the seller back for days after closing that the seller already paid. The tax year starts in July. Taxes run about 1.2% of the home's value per year. Most towns bill the Jul-Jun fiscal year in two halves (commonly due Nov 15 and May 15; dates vary by town); seller is credited for a paid half after closing and owes any unpaid half through closing.

• maine.gov

Checked 2026-09-30. A net sheet is an estimate. It is not a closing statement or tax advice. The title or escrow company gives the final figures. See a rate that looks wrong? Email [email protected].