Closing costs can be so completely confusing! Over her years as a Realtor® Shelley has had several discussions with her customers about closing costs. What are they? How much do I need to plan for? Can I negotiate them?
Today's episode is the first of two parts. This week Shelley will cover sellers closing cost and next week she will discuss buyers closing costs.
“Closing” occurs when the title of a property is transferred from the seller to the buyer. There are costs associated with that transfer for both the seller and the buyer.
Starting with the seller the types of closing costs that could be involved include:
- Mortgage payoff
- Title Fees
- Filing/recording fees
- Association fees
- Miscellaneous negotiated items
Links from this episode: