There are always closing costs associated with any real estate transaction.

Closing costs are expenses (over and above the price of the property) incurred by buyers and sellers in transferring ownership of a property. Closing costs for buyers normally include an origination fee, an attorney's fee, taxes, an amount placed in escrow and charges for obtaining title insurance and a survey.  Closing cost for sellers normally include commission, pest inspection costs, well and septic inspection costs (if applicable), deed preparation costs, and taxes.

The amount of closing costs will vary depending upon the lender and attorney or title company that you use.  Your lender should always give you a good faith estimate of what your closings costs will be.  This will allow you to adequately plan how much money you will need to bring to closing.

It is very important to understand that when buying or selling you will have some addiitonal closing costs in order to make the transaction complete.

Let me know if you have questions.

Carey