Tennessee seller net sheet and closing costs

In Tennessee, the seller usually pays the agent commission and their own loan payoff. The buyer usually pays the lender fees, the lender's title policy, the realty transfer tax and the owner's title policy. Buyer and seller usually split the settlement or escrow fee.

The buyer usually pays for the owner's title policy in Tennessee. Commonly buyer in Tennessee; negotiable. In Tennessee, 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.

Buyer customarily pays transfer and mortgage taxes; seller pays deed preparation.

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 Tennessee 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 0.6% of the home's value per year. Bills issued Oct 1 for the calendar year, due Feb 28; seller credits buyer when unpaid.

• tn.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].