Closing Costs

Costs incurred and paid at Closing.  Both the buyer and the seller incur Closing Costs. Examples include the escrow fee, the costs of title insurance, and recording fees.

For the seller, Closing Costs are paid out of the proceeds of the sale. So they are no big deal for the seller. The buyer, though, has to bring additional money to escrow to pay the buyer’s Closing Costs.

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