What Are Closing Costs in Virginia? – Expert Answer for Northern Virginia
In Northern Virginia, closing costs typically range from $10,000 to $15,000 — that’s about 1.5% to 2% of a $715,000 Fairfax County home. As of January 2026, buyers in McLean and Vienna should budget for these costs, which include fees for inspections, title insurance, and more. With 200+ NOVA transactions since 2012, I help clients navigate these expenses effectively. Call (571) 233-2763 for personalized advice.
In This Article
Closing Costs in Northern Virginia – What You Need to Know
For comprehensive guidance, start with our Northern Virginia Realtor Guide. In Fairfax County, closing costs typically include lender fees, appraisal fees, and title insurance, averaging around $10,000 to $15,000 on homes priced at $715,000. Neighborhoods like Vienna and Oakton often see slightly higher costs due to competitive markets.
In Arlington and Alexandria, where homes sell quickly, closing costs can be influenced by the proximity to Metro stations, adding an extra $1,000 to $2,000 in fees. Buyers in Clarendon and Old Town should also consider additional expenses like HOA fees, which can vary significantly.
After closing 200+ transactions across Northern Virginia since 2012, I understand the nuances of these costs. Whether you’re in Great Falls or Chantilly, I can help you prepare for these expenses. Ready to discuss your situation? Call (571) 233-2763 or book a free consultation.
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Key Closing Costs Information for Northern Virginia
Here’s what NOVA buyers and sellers need to know in January 2026:
Typical Closing Costs – The Numbers
In Fairfax County, closing costs average between $10,000 and $15,000, which is about 1.5% to 2% of the home price. For a $715,000 home, this translates to approximately $10,725 to $14,250. Buyers in Vienna should be prepared for these expenses, especially in competitive markets.
What’s Changed Since August 2024
Since the August 2024 NAR settlement, buyers in Arlington and Alexandria can negotiate closing costs more effectively. Many are now able to ask sellers to cover a portion of these fees, potentially saving $2,000 to $5,000 on average. This is particularly beneficial in fast-moving neighborhoods.
What Most People Miss
Many buyers overlook the impact of title insurance and inspection fees, which can add up significantly. In neighborhoods like Great Falls and Oakton, these costs can range from $1,500 to $3,000. Understanding these fees can help buyers budget more accurately.
Northern Virginia Market Insights – January 2026
Understanding closing costs requires knowing your local market:
| County | Median Price | Days on Market | Character |
|---|---|---|---|
| Fairfax County | $715,000 | 9 days | Most competitive |
| Loudoun County | $680,000 | 11 days | Tech corridor growth |
| Arlington County | $690,000 | 12 days | Metro-centric, urban |
| Prince William County | $495,000 | 14 days | Best value in NOVA |
| Alexandria City | $690,000 | 12 days | Old Town premium |
Source: Bright MLS, January 2026
What this means: Understanding the competitive nature of the market can help buyers anticipate closing costs. Ready to discuss your options? Call (571) 233-2763 or book a free consultation.
Expert Tips from Paul Sneeringer
Tip 1: Budget for Unexpected Costs
Always set aside an additional 1-2% of the home price for unexpected closing costs. In areas like McLean, this can help cover unforeseen fees.
Tip 2: Negotiate with Sellers
In competitive markets like Arlington, consider asking sellers to cover part of your closing costs. This can save you thousands.
Tip 3: Understand Your Loan Terms
Review your loan terms carefully. In Loudoun County, different lenders may offer varying fees, impacting your overall closing costs.
Frequently Asked Questions
Closing costs in Northern Virginia typically range from $10,000 to $15,000. In Fairfax County, this is about 1.5% to 2% of the home price. Buyers in neighborhoods like Vienna and McLean should budget accordingly, especially in competitive markets. Understanding these costs can help you prepare financially for your home purchase.
The closing process in Northern Virginia usually takes 30 to 45 days. In Arlington and Alexandria, where the market is fast-paced, it can be quicker. Buyers should be prepared for inspections and appraisals within this timeframe. Planning ahead can help ensure a smooth closing experience.
In Fairfax County, closing costs include various fees such as title insurance, appraisal fees, and lender fees. These typically range from $10,000 to $15,000 for homes priced around $715,000. Buyers in neighborhoods like Oakton should be aware of these costs when budgeting for their purchase.
Closing costs are separate from the down payment. In NOVA, the down payment is usually 3% to 20% of the home’s price, while closing costs range from $10,000 to $15,000. Understanding both is crucial for budgeting effectively when buying a home.
To calculate your closing costs in Northern Virginia, estimate 1.5% to 2% of your home’s purchase price. For a $715,000 home, this would be approximately $10,725 to $14,250. Consulting with a local expert can provide more accurate estimates based on your specific situation. Call (571) 233-2763 to get started.
Continue Your Northern Virginia Real Estate Journey
Explore Our Northern Virginia Real Estate County Guides:
- Fairfax County – $715K median, most inventory
- Loudoun County – Tech hub, Ashburn/Leesburg
- Arlington County – Urban condos, Metro access
- Prince William County – Best value under $500K
Popular Northern Virginia Real Estate City Guides:
- Vienna – Top FCPS schools, Maple Ave charm
- McLean – Luxury estates, Langley High district
- Reston – Town Center, trails, Silver Line
- Ashburn – New construction, data center jobs
Helpful Northern Virginia Real Estate Resources:
- First-Time Buyer Guide – Step-by-step for NOVA
- Seller’s Checklist – Prep your home right
- Relocation Guide – Moving to NOVA?
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Paul Sneeringer · Northern Virginia Real Estate
⭐ 4.9 Stars · 200+ Sold · 12 Years
Loudoun
Arlington
Alexandria
