What Do Buyers and Sellers Pay in Closing Costs?

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Buyers have a higher number of costs

Typically, buyers getting a loan will see some of the following costs:

Appraisal fee
Origination fee
Prepaid interest
Prepaid insurance
Flood certification fee
Tax servicing fee
Credit report fee
Bank processing fee
Recording fee
Notary fee
Title insurance

Negotiate sharing some of the costs
*Come up with an extra one to two percent toward closing costs
*Ask the seller to pick up some of the closing costs as a part of the negotiation.

Sellers pay the commission
*The commission is based on a percentage of the total sale price

For more details click HERE.

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