💰 Real Estate Vocabulary: Closing Costs 🏡

Buying or selling a home? Closing costs are an important part of the transaction! These are the fees and expenses beyond the price of the property that buyers and sellers need to cover.

🔑 What’s included in closing costs?
✅ Commissions for real estate agents
✅ Inspection & appraisal fees
✅ Title work & insurance fees
✅ Taxes & recording fees
✅ Loan origination fees (if financing)

💡 Pro Tip: Buyers should budget 2-5% of the home's purchase price for closing costs, while sellers may have their own expenses as well.

Curious about what closing costs mean for you? Let’s chat! 📩🏡

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