Seller closing costs
If the seller has not yet paid for the house in full, the seller's most important closing cost is satisfying the remaining balance of their loan. Before the date of closing, the escrow officer will contact the seller's lender to verify the amount needed to close out the loan. Then, along with any other fees, the original loan will be paid for at the closing before the seller receives any proceeds from the sale. Other seller closing costs can include:
Negotiating Closing Costs
In addition to the sales price, buyers and sellers frequently include closing costs in their negotiations. This can be for both major and minor fees. For example, if a buyer is particularly nervous about the condition of the plumbing, the seller may agree to pay for the house inspection.
• Financing / How Much Can I Afford?
• Take Charge When Buying a Home
• Loan Types
• Why use a Realtor When Buying?
• How to choose a Neighborhood
• The Basics of Making an Offer
• Q&A / Offer and Acceptance
• Home Inspections
• FREE Listingbook Account
• FREE Buyer Representation
• Mortgage Calculator
• Current NC Mortgage Rates