Settlement Costs - Who Pays What?

During the negotiation stage of the transaction, a mutually agreed-upon date for closing is determined. Closing is when the buyer and seller sign all the paperwork and pay the settlement fees, and the documents are recorded. Settlement obligations vary widely due to specific contract language, local laws and customs. Prior to closing, the closing agent (usually an escrow or title company, or attorney) will complete a detailed settlement statement for both buyer and seller. As your real estate broker, I can help you understand which of the typical settlement fees apply to you.

The buyer pays: The seller pays:
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