Closing Costs
/ˈkloʊzɪŋ kɔsts/
Definitions
- (n.) Fees and expenses, other than the price of the property, incurred by buyers and sellers in transferring ownership of real estate.
The buyer was surprised by the high closing costs at settlement.
Forms
- closing costs
- closing cost
Related terms
See also
Commentary
Closing costs vary by jurisdiction and transaction type; they often include lender fees, taxes, and title search expenses.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.