Author: Kevin James Gumasing

Closing costs can vary greatly depending on location, but the buyer and seller may have to pay specific fees in Tennessee. Generally, buyers are responsible for paying the loan origination fee, discount points (if any), title insurance policy premiums, and escrow or closing fees. On the other hand, sellers are typically expected to contribute to … Continued

In South Carolina, the payment of closing costs in a real estate transaction is typically negotiated between the buyer and seller. Traditionally, buyers are responsible for loan origination fees, appraisal fees, and title insurance, while sellers may cover expenses like title search fees, real estate agent commissions, and any outstanding liens. However, these arrangements can … Continued

Closing costs can add up to a significant sum of money and vary from state to state, so the question of who pays closing costs in Missouri is important for potential homeowners. When it comes down to it, there are various ways that someone could be responsible for these expenses – whether you’re buying or … Continued

In Oregon, the closing costs are typically split between the buyer and seller. However, this can vary depending on negotiations during the sale process. It is essential for both parties to carefully review their contract to determine who will be responsible for covering these fees. Sometimes, a third party, such as a lender or real … Continued

In Wisconsin, the party responsible for closing costs is typically negotiable between the buyer and the seller. However, customary practices and local market conditions often influence the agreement between the parties. Therefore, discussing and clarifying the allocation of closing costs as part of the purchase agreement is essential. The buyer typically pays most of the … Continued

Closing costs are an unavoidable part of purchasing a home in Illinois. Who pays these fees depends on whether you’re buying or selling a property and what the parties agree upon during the purchase contract negotiations. In Illinois, the responsibility for closing costs can vary depending on the terms negotiated between the buyer and seller … Continued

Buyers and sellers often have different responsibilities regarding closing costs in Minnesota that they must understand before proceeding with a property purchase or sale. The payment of closing costs can vary depending on negotiations between buyers and sellers. Buyers typically bear most of these costs, which may include loan origination fees, title insurance expenses, appraisal … Continued

Closing costs are associated with any real estate transaction in which a home is purchased or sold. They typically include transfer taxes, title insurance fees, loan origination fees, and other related expenses. Determining who pays these fees can be difficult, as they depend on various factors, including local laws and customs. As in many different … Continued