Closing Costs

The numerous expenses which buyers and sellers normally incur to complete a transaction in the transfer of ownership of real estate. These costs are in addition to price of the property and are items prepaid at the closing day. This is a typical list:
BUYER'S EXPENSES SELLER'S EXPENSES Documentary Stamps on Notes Cost of Abstract Recording Deed and Mortgage Documentary Stamps on Deed Escrow Fees Real Estate Commission Attorney's Fee Recording Mortgage Title Insurance Survey Charge Appraisal and Inspection Escrow Fees Survey Charge Attorney's Fee &ltp align=left&gtThe agreement of sale negotiated previously between the buyer and the seller may state in writing who will pay each of the above costs.