Closing Costs Explained for the Buyer and Seller

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Closing Costs Explained for the Buyer and Seller
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• The fees associated with buying and selling a
  home documented in a sales contract are called
  closing costs.
• They are split between the buyer and the seller
  and often involve negotiation.
• Buyers apply for a loan and receive a "good faith
  estimate" that may not include all of the closing
  costs.

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• Property Appraisal A property appraisal is done
  for the lender to determine fair market value of
  the home through Home Loan Emi Calculator.
• Inspection fees are charged for homes under
  construction.
• A lender requires routine inspection for
  construction and release of funds as work
  progresses and concludes.
• Source http//ezinearticles.com/?Closing-Costs-E
  xplained-for-the-Buyer-and-Sellerid258508

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