who pays the closing costs?

John Warren
Home Buyer
Vernon, CT

Answers (4)
Debra Davis
Agent
Atlanta, GA

In Georgia, this is a negotiable item and can be requested by the buyer that the seller will pay their closing costs. They can make the request with the initial offer to purchase. Sometimes it is more beneficial for the buyer to pay the seller more on the sales price and have the seller pay the associated closing costs. This helps the buyer reduce the amount of money they will need at closing.

Sat Oct 24 2009, 16:29
Sonia Holmes
Agent
Danbury, CT

Usually the buyer does pay the closing cost. Be aware of when someone like lenders/mortgage brokers tell you, "you don't have to pay closing cost". Double check that, because some times they build this into your mortgage. Also look at the list that Dan also mentioned below. Hope this helps.

- Sonia Holmes

Wed Nov 12 2008, 10:56
Don Fabrizio-Ga...
Broker
Danbury, CT

Actually, this varies and, of course, everything is negotiable.

Typically, the buyer pays for: inspections, title insurance, appraisal, lender fees.
Typically, the sellers pays for: any negotiated repairs, conveyance taxes.
Buyer and seller each pay for their own attorneys.

Seller usually pays for the real estate agent commissions, but this is also partly determined by the Buyer Broker Agreement the buyer signs with their agent.

Sun Nov 9 2008, 13:08
FIRST ANSWER

the person buying the property is responsible for settlement cost of their purchase

Sun Nov 9 2008, 13:03

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