Introduction
What Are the Closing Costs Involved in a Sale or Purchase of a House?
Closing costs are the final expenses that come with transferring a home from seller to buyer. They’re separate from the down payment or purchase price.
Buyer’s Closing Costs Typically Include:
- Attorney fees
- Loan origination fees and underwriting
- Appraisal and credit report
- Title insurance and title search
- Prepaid property taxes and homeowner’s insurance
- Recording fees and transfer taxes
Seller’s Closing Costs Typically Include:
- Attorney fees
- Real estate commission (usually split between buyer and seller agents)
- Transfer taxes
- Any unpaid property taxes
- HOA fees or local municipal requirements
- Survey
Want a clearer picture of what your closing costs might look like?
On average, buyers can expect to pay 2–5% of the purchase price in closing costs, while sellers often pay around 6–8% when commission is included. I’m always happy to provide a custom estimate based on your specific transaction..
