Real estate transactions are subject to several taxes and fees at the time the deal is finalized, or closed. These are termed as "closing costs." These taxes and fees vary widely based on the city, state and county where the property is located. Though usually less expensive for sellers than buyers, closing costs are often thousands of dollars. It's important to understand the different fees that are paid by the buyer and the seller. This article focuses on the costs that sellers of property can expect to have deducted from their proceeds when the sale closes.
Since costs associated with closing the sale of a home are often vastly different from state to state and even city to city, it is important to consult with a real estate professional about the closing costs you should expect in your area.
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http://www.shawngandhi.comShawn Gandhi RE/MAX Real Estate Centre INC., Brokerage
Shawn Gandhi Real Estate
100 City Centre Dr. 1-702
Square One Shopping Centre
Mississauga, ON
L5B 2C9
(905) 795-1900
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