Closing Costs

Closing costs - also known as settlement costs, closing costs are the numerous fees, over and above the price of the property, that buyers incur in order to complete a real estate transaction.  These fees include but are not limited to loan charges, appraisal fees, title insurance, homeowner insurance, property taxes and legal fees.  Non-recurring closing costs are one time costs associated with buying a property or obtaining a loan, while prepaid costs recur over time, such as property taxes and homeowner insurance.

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Rolando Di Labio

Rolando Di Labio

Affiliated Real Estate Agent
CENTURY 21 Capital Realty Inc., Brokerage*
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