The miscellaneous costs that the buyer and seller incur to complete or “close” a real estate transaction. These costs are in addition to the price of the property expenses incidental to the sale of real estate, including loan, title, and appraisal fees. The agreement of sale negotiated previously between the buyer and the seller may state in writing who will pay each of the above costs.
« Back to Glossary IndexShare this
Loved this? Spread the word