Closing Costs are expenses incurred in transferring ownership of
a property. They normally include an origination fee,
attorney's fee, taxes, an amount placed in escrow, and charges
for obtaining title insurance and a survey (if applicable).
The amount of closing costs will depend on what items are paid
for by the buyers and sellers in your area. For example,
in some areas the buyer pays for title insurance, in another
area the seller, and some areas the cost is split between the
buyer and seller. Your real estate agent can often provide
an estimate of your closing costs.
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