Buying a Home like a Grown-Up
Grown-Up Stuff: How to Adult
Understanding Closing Costs in Real Estate Transactions
Closing costs typically amount to two to three percent of the purchase price in a real estate transaction. These costs cover various fees for services provided by parties involved in the transaction, such as the title company for title search and registration, and the lender's team for processing the loan. Both buyers and sellers have separate closing costs, in addition to any realtor fees incurred during the transaction.
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