17 Feb, 2024
In any real estate transaction, closing costs can be an unexpected headache. These costs are various fees and charges that buyers and sellers incur over and above the price of the property. They typically include items like title insurance, attorney fees, appraisal fees, and taxes. As buyers and sellers approach the finish line, these costs can add up to a significant sum—at times, up to 2-5% of the home's purchase price. For buyers, this adds to the amount they must bring to the table, while for sellers, it eats into their profits.