If a buyer chooses to have legal representation for the negotiation, these fees are also the buyer’s responsibility. In some deals, buyers will share title insurance and escrow charges with the seller.  In general, the seller will pay for the title survey, as well as taxes or fees from creating the deed, and any termite damage repair. 

Some closing costs are governed by law, but most are negotiable between the buying and selling parties.  For a detailed statement estimating expected fees, the buyer should obtain a statement from the lender.  Additionally, buyers and sellers can receive an itemized list of closing costs from their attorneys or the firm handling the closing.

For more information on closing costs for the buyer contact Carol or Kevin Paton. We will be glad to help.