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Understanding Closing Costs: What Buyers & Sellers Should Know
Dated: September 15 2025
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Understanding Closing Costs: What Buyers & Sellers Should Know
Closing day should be exciting, not stressful. But many buyers and sellers are surprised by the additional costs involved. Here’s what you need to know.
For Buyers
Lender Fees: Loan origination, application, and underwriting.
Title Services: Title search, recording fees, and title insurance.
Prepaids: Taxes, insurance, and interest that must be paid upfront.
For Sellers
Agent Commissions: Typically the largest seller expense.
Title Transfer Fees: To ensure a clean transfer of ownership.
Prorated Taxes/HOA Fees: Covering your share of costs up to closing.
Local Perspective
In Cumberland County, buyers typically pay 2–5% of the purchase price in closing costs, while sellers cover commissions and transfer-related fees.
Final Thoughts:
Planning ahead for closing costs ensures no surprises on the big day. I help clients review every estimate so they feel confident from contract to closing.
📞 Melissa McClung, REALTOR®
Weichert, REALTORS® – The Webb Agency
931-260-5868 | melissa-mcclung.com
Melissa McClung
Melissa McClung – REALTOR® | Cumberland County & Surrounding AreasHelping people find the right place to call home is more than a career for me—it's an opportunity to serve th....
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