What closing costs can the seller pay

Asked March 16, 2017, 8:22 AM EDT

What closing costs can the seller pay?

Mason County Michigan

1 Response

Closing costs are out-of-pocket expenses including legal fees and an appraisal, survey, loan application, home inspection, legal fees, title insurance, title or deed registration fees to record ownership, and any other payments to professionals assisting with a home purchase. These fees are in addition to the cash required for a down payment. Closing costs are typically paid by home buyers but may be able to be negotiated otherwise. Sellers may be willing to pick up some of these costs, or pay a flat amount toward them, to attract a buyer and facilitate a home sale.