In real estate transactions, closing costs are the fees and expenses associated with the purchase or sale of the property that is payable at the time of closing. These costs include a variety of fees and are negotiated between the seller and the buyer. Closing costs can be confusing for both buyers and sellers.
To explain closing costs to your clients, provide them with a breakdown of the estimated costs for their specific transaction. Here is a list of the top 10 costs that are collected at closing to help your clients understand what fees they are responsible for and why they need to pay them.
Read more: 10 Most Common Closing Costs
