What's in the closing costs?

Sellers pay: Real estate commissions (the big one), deed transfer taxes, and the owner’s title policy. Buyers pay: Lender fees, appraisal, and pre-paids (taxes and insurance upfront).

Hi Henry! Both buyers and sellers have closings costs. When you purchase a home, your closing costs are usually between 3-5% of the purchase price and consist of lender fees (application fee, appraisal fee, origination fees), escrow fees, HOA dues, insurance, etc. As a seller, you are usually responsible for the Title Policy (.5-1% of the purchase price), plus the agent commissions. I hope this helps!