Why is the buyer asking the seller to pay their closing costs?. a credit, in other words for the seller to offer to pay some of the buyer's closing.
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During a real estate transaction, closing costs represent the accumulated fees that make the sale possible. These fees tend to come from title, escrow and lender companies for the many services.
The Buyer. Chances are the first time you see a real estate closing statement will be as a home buyer. The debit section highlights the items that are part of the total you’ll owe at closing, including the amount due for closing and title costs, which are generally halved with the seller.
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