If you are wondering who pays closing costs in a real estate transaction, both sellers and buyers do. It comes to about 10% to 15% of the total sale price. However, this total is not split equally, as sellers typically pay more due to state laws, concessions, and other factors.<\/p>\n\n\n\n
Sellers typically cover around 8% to 10% of the home’s sale price, while buyers shoulder about 2% to 5%. Knowing these costs early gives you the leverage to plan and negotiate, so you aren’t caught off guard at the closing table.<\/p>\n\n\n\n
Very often, sellers expect to walk away with the full sale price. But after the closing costs, the actual amount can be surprisingly less. With the listing agent commission<\/a> being the biggest chunk of the closing costs, you can choose Houzeo to reduce the overall closing costs.<\/p>\n\n\n\t