| Real Estate Dictionary |
| Not sure about the meaning of a particular word when it comes to real estate? Type the word to find its definition or select a letter to see all the definitions beginning with that letter. |
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| Real Estate Dictionary |
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| Certain expenses (over and above the property price) incurred by both buyers and sellers when transferring ownership of real property. Typical closing costs may include: attorney's fees, a loan origination fee, various taxes, and an amount held in escrow, along with charges for obtaining title insurance and a survey as needed. The percentage of closing costs varies according to the area or jurisdiction. REALTORS® or lenders often provide estimates of closing costs to prospective home buyers. |
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| Definitions are intended to be informational only. Please be advised that real estate practices vary from state to state and market to market. The information contained herein does not constitute legal advice. It is recommended that you consult with a qualified real estate attorney who can advise you specifically with respect to the requirements in your market. |
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