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2. Who pays closing costs, the buyer or the seller? - AOL

   www.aol.com/finance/pays-closing-costs-buyer...

   There’s no set number when it comes to closing costs. Typically, homebuyers pay around 2 percent to 5 percent of the home’s sale price in closing fees, while sellers pay slightly more ...

3. Closing costs: What are they and how much are they? - AOL

   www.aol.com/finance/closing-costs-much-175340844...

   For example, homebuyers in Washington, D.C. paid the highest average closing costs, at $29,888. Delaware and New York came in second and third, respectively, with average closing costs of more ...

4. ‘Cash to close’: What it means and how it works - AOL

   www.aol.com/finance/cash-close-means-works...

   The term “cash to close” can be taken fairly literally: It’s the amount of cash you’ll need to close on your home purchase, or the total sum needed to complete the transaction. No. Closing ...

5. Closing costs - Wikipedia

   en.wikipedia.org/wiki/Closing_costs

   The listing broker may offer buyer agents a portion of their commission as an incentive to find buyers for the property. Payment is required if real estate brokerage service was used. This is often one of the largest closing costs. Mortgage application fees, paid by the buyer to the lender, to cover the costs of processing their loan ...

6. Good faith estimate - Wikipedia

   en.wikipedia.org/wiki/Good_faith_estimate

   This is an upfront charge paid to the lender to get a lower mortgage rate – the same as “buying the rate down” 803 - Appraisal Fee; This is the cost of the independent appraisal. It is usually paid by the buyer. 804 - Credit Report; This is the cost of the credit report. The lender does not have to pass this cost along to the buyer.

7. Real estate contract - Wikipedia

   en.wikipedia.org/wiki/Real_estate_contract

   A typical real estate contract specifies a date by which the closing must occur. The closing is the event in which the money (or other consideration) for the real estate is paid for and title (ownership) of the real estate is conveyed from the seller(s) to the buyer(s). The conveyance is done by the seller(s) signing a deed for buyer(s) or ...