Closing costs are the various fees, taxes and other costs associated with buying a home. They include such things as attorney fees, property survey fees, title insurance, recording fees, home appraisal and more.
Depending on where you live, your closing costs could add up to $3,000 or more.
In some cases, the seller may contribute money toward the buyer’s closing costs. This is often the case in a buyer’s market, when sellers are more motivated. But even in such cases, you’ll have to pay something toward your closing costs. This is another reason why it’s so important save money.