What Does a Seller Pay for Closing Costs?
By Alvin Do you know what is included in closing costs and who is responsible for paying them? Today I want to address these questions to give you answers. The first thing that you need to know is that closing costs are completely negotiable between the buyer and seller. If you have ever been a seller in a real estate transaction, there is a very good chance you have been asked to contribute to the buyer’s closing costs. If you have been a buyer before, there is a good chance that you have contributed some money to a closing transaction by wiring money to the attorney. Sometimes, buyers are fortunate enough to get some money back at the closing table, although this does not always happen. Some of the charges that make up your closing costs include loan origination fees, attorney fees, title fees, and upfront payments due to an escrow account if there are any. Lots of things make up closing costs. “Some of the things that make up what closing costs include are loan originatio...