Buying a house involves lots of costs called closing costs! These are fees paid when you get the keys. Both buyers and sellers pay some, but it's often negotiable.
- Buyers usually pay for things like appraisals, inspections, and some lender fees.
- Sellers often pay real estate agent commissions and some taxes.
- The amounts can vary widely depending on the location and the deal.
| Who | Typical Costs (%) |
|---|---|
| Buyer | 2-5% of home price |
| Seller | 8-10% of home price |
It's important to understand these costs before buying a house!
