South Dakota seller net sheet and closing costs

In South Dakota, the seller usually pays the agent commission, their own loan payoff, the real estate transfer fee and half of the owner's title policy. The buyer usually pays the lender fees, the lender's title policy and half of the owner's title policy. Buyer and seller usually split the settlement or escrow fee.

Buyer and seller usually split the owner's title policy in South Dakota. Owner's policy commonly split 50/50. In South Dakota, 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 usually handles the closing.

Seller pays the transfer fee.

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 South Dakota are paid in arrears, after the period they cover. So the seller usually credits the buyer for unpaid days up to closing. Taxes run about 1.1% of the home's value per year. Taxes are paid the following year (halves Apr 30 / Oct 31); seller credits buyer for prior-year unpaid taxes plus Jan 1 through closing.

• sdlegislature.gov

Checked 2026-09-29. 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].