Closing costs are one of the most important, yet most misunderstood portions of a real estate transaction.
Whether you are a buyer or a seller, you should have a clear comprehension of:
- what closing costs are
- what costs you will be responsible for paying
- when you will have to pay your closing costs
- why you are paying them at all
If you are like most people, your money is important to you and you want to understand where it is going. Especially, during a transaction as major as buying a piece of real estate.
Just so there is no more confusion, today’s post is dedicated to breaking down what you need to know about closing costs.