Closing costs Term Meaning in Real Estate - Guide

The fees paid at the time of closing of a real estate transaction/deal is called closing cost

Devika Arora

7 years ago

Published Date: May 03, 2018

Updated Date: Mar 27, 2024

The fees paid at the time of closing of a real estate transaction/deal is called closing cost.

Closing of a deal occurs when the title is transferred to the buyer.

Transfer fees, attorney fees etc. make up the closing costs which are either incurred by the buyer or seller.

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