| Transfer tax | Transfer fee $1.00 per $1,000 ($0.50 per $500), paid by the grantor under SDCL 43-4-21. |
|---|---|
| Usually paid by | Seller (customary) |
| Attorney at closing | Not required |
| Recording | The register of deeds charges $30 for a deed of up to 50 pages (SDCL 7-9-15). |
What drives your total
Lender fees, title insurance, prepaid taxes and insurance, and any points you buy move the number most. On a $400,000 purchase, 2–5% means roughly $8,000–$20,000 at the table, your Loan Estimate itemizes every dollar three business days before closing.
Ways to reduce cash to close
- Seller credits (negotiated in the contract, program limits apply)
- Lender credits in exchange for a slightly higher rate
- Down payment assistance programs where available
- Closing on time, per-diem interest accrues daily
Sources: Tax Foundation 2026 (2024 ACS); SDCL 43-4-21. Figures are typical ranges, not quotes.
FAQ
How much are closing costs in South Dakota?
Buyer closing costs in South Dakota typically run 2–5% of the purchase price. State-specific items include: Transfer fee $1.00 per $1,000 ($0.50 per $500), paid by the grantor under SDCL 43-4-21.
Who pays transfer tax in South Dakota?
Customarily the seller (customary) pays the transfer tax in South Dakota, though it is negotiable in the contract.
Does South Dakota require an attorney at closing?
No, South Dakota does not require an attorney at closing, though title insurance is still standard.