Closing Costs

Closing Costs Definition

Closing costs are fees, above the purchase price of the property, associated with the sale or purchase of a home. These costs are paid at closing. Sellers and buyers both have closing costs.

Examples of closing costs can include, but are not limited to: title services, escrow services, insurance, taxes, home warranty, transfer fees and lender costs.

Some of these costs are negotiable between buyers and sellers, while others are non-negotiable. For more information, please read this in-depth home seller closing costs guide.

 

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