Typical closing costs when buying or selling a home can vary depending on various factors, but they generally include several common expenses. For buyers, these costs may include loan origination fees, appraisal fees, title insurance, escrow fees, attorney fees, and property taxes. Additionally, buyers may need to pay for a home inspection, survey fees, and prepaid expenses such as homeowners insurance and property taxes.

On the other hand, sellers typically incur expenses such as real estate agent commissions, title insurance premiums, attorney fees, and transfer taxes. Additionally, sellers may need to cover the cost of any outstanding liens or judgments against the property, as well as prorated property taxes and homeowners association fees. It’s important for both buyers and sellers to be aware of these potential costs and factor them into their budgeting and negotiation strategies during the closing process.

For expert guidance on navigating closing costs, contact us today at Hello@TheHighlandCompanyRE.com.