Wikipedia
Closing costs are fees paid at the closing of a real estate transaction. This point in time called the closing is when the title to the property is conveyed to the buyer. Closing costs are incurred by either the buyer or the seller.
Usage examples of "closing costs".
It's thirtyone thousand nine hundred and ninety-nine, plus the lot, but including closing costs and title insurance, and the poor Torbadills added the Kingway Pool, a second Florida room, and marvelous, absolutely marvelous plantings.
But our house in Colorado is sold at last and at not too great a lossnot much immediate cash out of the deal after closing costs and commission, but nevertheless I am much relieved.
A couple of friends lent him the closing costs and the token down payment and Don moved into the place, a ramshackle four-room farmstead out near Madison, and began to work on it.
Even if I had, I'd have been charged closing costs of more than three thousand dollars.
Even if I had, Id have been charged closing costs of more than three thousand dollars.