seller closing costs

Closing costs are the taxes, fees and other costs associated with finalizing, or closing, a real estate transaction. Varying widely based on the city, state and county where the property is located, these closing costs are often thousands of dollars (though usually less expensive for the seller than the buyer). An understanding of the different costs that are paid by the buyer and the seller is important, but this article focuses primarily on the amount that sellers can expect to have deducted from their proceeds when the sale is finalized.