Closing, or settlement, costs are expenses over and above the price of the property. Both the buyer and seller incur some of these expenses when transferring ownership of a property. Who actually pays, however, often depends on local custom and what the buyer or seller negotiates. Closing costs normally include title insurance, loan points, escrow or closing day charges, property taxes, and document fees. The lender provides an estimate of closing costs for prospective homebuyers.
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Real estate professionals looking for the next wave in social media marketing may want to get on TikTok. With almost 100 million monthly U.S. users on the app, agents nationwide agree that there is room to capitalize on connecting with prospective clients. Read More
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