Who pays the closing costs on a home​?

Certain costs are to be paid both by the buyers and sellers at the closing. Closing costs, which especially consist of the ‘line-item expenses, are solely reserved for the buyers. Though sellers too have to bear some expenses at the closing table, that generally cannot be counted as closing costs. The real estate commission or the broker’s fee has to be paid by the seller at the time of closing. And the rest of the charges and expenses are the buyer’s responsibility. Unless the terms of the deal dictate otherwise, it is the responsibility of the buyers to pay the closing costs. 

The information provided above is a general overview of closing costs and who typically pays them. Real estate transactions can vary significantly based on location, specific contract terms, and other factors. It is essential to consult with a real estate professional or attorney for advice tailored to your particular situation. This information should not be considered legal or financial advice.

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