What are closing costs in real estate? The closing costs are the accumulated fees that are paid for at the end of the real estate transaction. These fees accrue throughout the transaction and account for inspections, insurance, taxes, and more.
Real Estate Closing Costs: Explained
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The closing fees are costs above or outside the price of the property normally incurred by buyers and sellers to conclude a property transaction. These costs may include the credit originating fees, discounts, assessment fees, searching fees, insurance coverage, surveys, taxes, recording fees and credit report fees.
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