Real Estate Law in Washington

Washington does not require attorney involvement for closings — escrow companies typically handle residential transactions. Attorney fees when used range $800-$2,200. Washington has a Real Estate Excise Tax (REET) with graduated rates from 1.1% to 3.0% based on sale price, among the highest transfer taxes nationally. Property taxes average 0.93% of home value. Washington requires seller disclosure statements and has specific requirements for condo resale certificates. Seattle's competitive housing market creates rapid transaction timelines. The state has specific laws regarding water rights, shoreline management, and growth management that affect real property. Washington does not have a state income tax, but property and excise taxes are relatively high.