Closing costs

Learn about the definition for this legal term.

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:

Stephanie Bagnall

Reviewed by

Stephanie Bagnall

Licensed Attorney and Legal Researcher

Stephanie Bagnall is a Georgia-licensed attorney and legal researcher with experience in accessibility law, compliance, employment law, and legal writing. She helps develop and review BarPrepHero's Legal Terms content for clarity, accuracy, and usefulness to bar exam students.

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