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RE101 – Understanding Closing Costs

Common Costs

Familiarize yourself with common closing costs such as title insurance, attorney fees, and transfer taxes. These costs can add up, so budgeting accordingly is essential.

 

Estimate Costs

Work with your realtor to estimate your total closing costs. They can provide a “Net Sheet” to help you understand your net proceeds from the sale, preventing surprises at closing.

 

Review Closing Statement

With your attorney, review the closing statement carefully to ensure all costs are accurate and accounted for before finalizing the sale. Verify each line item to avoid errors.

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