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\n <\/div>\n \n The Top 5% of Agents Sell Homes for Up to 10% More<\/h3>\n
HomeLight analyzes over 27 million transactions and thousands of reviews to determine which agent is best for you based on your needs. Connect with your top agent matches today at no cost.<\/p>\n \n
What are closing costs?<\/h2>\n
Closing costs are the fees and expenses paid at the closing of a real estate transaction. They cover a wide range of services that turn the gears of a home sale or purchase. These costs (also known as settlement costs) vary based on location, the property\u2019s sale price, and the details of the deal.<\/p>\n
Who pays closing costs?<\/h2>\n
Both buyers and sellers pay closing costs, but their responsibilities differ.<\/p>\n
Sellers<\/strong> typically cover:<\/p>\n Buyers<\/strong> usually pay:<\/p>\n While some costs are negotiable, most follow standard practices based on local market norms.<\/p>\n To better answer the question, “What are closing costs?” let\u2019s take a closer look at the specific fees sellers and buyers might encounter.<\/p>\n Sellers generally pay a larger share of closing costs, primarily due to real estate agent commissions<\/a> and title-related expenses. Here are some of the most common closing costs sellers may need to cover:<\/p>\n\n
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Examples of common closing costs<\/h2>\n
Seller closing cost examples<\/h3>\n
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Are agent commissions a closing cost?<\/h3>\n