Closing costs

What is Closing costs?

These are fees paid at the closing of a real estate transaction. This point in time These are the fees payable by a party at the time of closing on the real estate transaction. Closing costs are incurred by either the buyer or the seller.

Further Reading

For more detailed information, see our related Real Property terms:

• Assumption clause
• Estate for years
• Escrow
• Earnest money
• Appurtenant Easement