What are “closing costs?”

What are “closing costs?”

“Closing Costs” is a catch-all term that refers to the costs and expenses involved in closing a real estate transaction. These costs are determined by the contracts between the parties, applicable laws and local customs. The following explanation of “closing costs” is based upon our sample Real Estate Purchase Contract (see the Forms section for a downloadable copy), Washtenaw County custom, and assumes typical mortgage closing expenses.

By |2018-06-04T16:23:02+00:00June 4th, 2018|

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