Blog > What Are Closing Costs, and Who Pays Them?
Closing costs are the fees associated with finalizing a real estate transaction. They typically include lender charges, title insurance, escrow fees, recording costs, and prepaid taxes or insurance. Buyers usually pay the majority, though sellers may contribute through negotiated credits. Knowing estimated closing costs early in the process helps buyers budget effectively and prevents surprises at signing. It’s one of the final, crucial steps toward ownership.
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