Aside from VA loans, the buyer will almost always have closing costs to pay. But the seller has certain costs to pay as well. Sellers are usually responsible for the real estate agent's commission (if applicable), title transfer fees, prorated taxes and utilities.
On average closing costs run between 2%-5% of the purchase price. However, the buyer is not the only party that must pay fees at closing. Sellers must pay for both their real estate agent's, and the buyers agent's commission that is typically 6% of the sales price .
To be perfectly clear, both buyers and sellers are expected to pay for certain costs at the closing table, but I digress. Closing costs, at least those that consist of
Seller, unless they are offering closing costs as an incentive to sell their home, usually balk at this when presented.with an offer and paying the buyers costs.
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