Closing costs vary from one transaction to another and often total in the thousands of dollars.
They may be paid up front or added to the buyer's loan balance. However, anxious sellers may offer to pay some or all of the costs to induce a sale. In recent years, buyers have paid for buyer agent services in some cases. There are also loan fees, which can exceed 2 percent of the loan amount, which may also be negotiated. It's critical to price your home right in relationship to the current real estate market and to the conditions prevailing in your local marketplace.