Closing Costs

Closing Costs

About Closing Costs:

Closing Costs (transaction Costs) are various fees and expenses payable by the seller and buyer at the time of a real estate closing. Closing costs include brokerage commissions, lender discount points and other fees, title insurance premium, deed recording fees, loan prepayment penalty, inspection and appraisal fees, and attorney's fees. With the possible exception of discount points on a home mortgage loan, these costs are normally not deductible, but are added to the basis of the real estate.


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