What You Should Know About Closing CostsPosted by Larry Tollen on
What you should know about closing costs? A LOT! Buyers need to understand the costs and timelines associated with purchasing a home, or better be working with an experienced, reputable Realtor to explain details. When you start saving for a home or putting money aside for a down payment, the closing costs may not immediately come to mind. Closing costs include the items listed below and in some states Buyers are required to pay the state a "tax" on the purchase as well. Let's break these down so you are not learning about closing costs, the hard way.
Seller closing expenses include the commission they agreed to pay their listing agent which is typically split with the Buyer's Broker and in NC and many other states the seller pays a tax on the sale…
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