Who Pays Closing Costs In A Real Estate Transaction? | FortuneBuilders
Who Pays Closing Costs In A Real Estate Transaction? | FortuneBuilders
Abstract
Closing costs are usually the buyer’s responsibility unless the terms of the deal dictate otherwise. Sellers can offer to pay the closing costs. The seller can also offer to paid the closing cost to expedite a sale. The closing costs may even be negotiated. The maximum closing costs for sellers is dependent on three main factors: the sale price of the house, and the type of home loan the seller had. The buyer's home loan. The price of a home. and the buyer's loan will also impact the price.
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