What Are Closing Costs?
Closing costs include the associated fees professionals charge for services to finalize the real estate transaction and your home loan. Some of these services include but are not limited to: origination and underwriting of a mortgage loan, real estate commissions, taxes, title filings, and insurance premiums.
How Much Does a Seller Pay in Closing Costs?
When selling a home, sellers usually pay about 8 – 10% of the total sale price in closing costs. It’s always best to consult your real estate agent to discuss the ETC (Estimated Closing Cost) Sheet before officially listing your property.