Who Pays The Closing Fees? {Finance}

There are so many charges in a real estate transaction and it’s mostly because there are so many parties involved: lenders, title company, real estate agents, seller/buyers, your county (taxes), insurance, water. It can be a challenge to keep an eye on them and sometimes your settlement statement is a little surprising when you have all those charges in front of you.

To familiarize you with some of the charges that might be coming to you as a buyer or seller, I used an information sheet from Empire Title, Colorado Springs, Co .  Not all closing fees will actually be charged (depending on loan and transaction), and who pays them is negotiable most of the time. The mentioned fees might vary from state to state.

==> Why a pre-approval from a local lender makes you a powerful buyer.

Loan Type                                                                                                                                              

                                                                         VA                    FHA                  CONV

The above items are customary; some items are negotiable per contract. Courtesy of Empire Title, Colorado Springs, Co

Questions? Email (susanna@co-regroup.com), call or text (719-321-0800) or click the picture below to schedule a free 30 minute Q&A call:

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