Closing Costs, What Are They?
Closing costs are costs associated with the sale or purchase of a property. Both the Buyer(s) and Seller(s) are responsible for closing costs. As a service, we can offer a Pre Closing Disclosure (CD) to provide you a general estimate of what closing costs of a particular property you were interested in selling or buying. The Pre CD for a prospective Buyer will provide the following estimated figures:
- Buyer’s Estimated Cash Needed To Close
- Buyer’s Estimated Recordation and Transfer Charges
- Estimated Escrow and Impounds
- A Breakdown of the Total Costs of The Transaction