Closing costs refer to the fees and expenses associated with the final stage of a real estate transaction when transferring ownership of a property from the seller to the buyer
Closing costs are the expenses incurred by both the buyer and seller during the closing process of a property sale. These costs typically include various fees, taxes, and charges associated with the transfer of ownership.
Closing costs may vary depending on factors such as the location of the property and the specific transaction. However, here are some standard components of closing costs:
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