What are closing costs?
The term "closing costs" includes a variety of expenses outside of the home’s purchase price, such as fees for title insurance, taxes, lender costs and homeowners insurance, as well as recording or transfer taxes charged by the state or local government.
Closing costs are typically paid by the buyer at the closing. A seller is responsible for the agents’ commission, which is included in the selling price of the home. Torii pays closing costs, so you can save thousands of dollars at your closing. Find out more about what it’s like to buy a house with Torii.
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