Closing costs generally fall into two categories: Escrow fees compensate the escrow company that completes the transaction. There will be a bulk transfer escrow fee, which is based on the value of the sale. Escrow fees usually include additional document preparation and processing fees, such as preparing notes and security agreements, loan and lease assumptions, handling franchise documentation, audits, preparing ABC documents, preparing lender payoff documentation, notary services, etc. Third party fees are expenses that escrow holders incur from outside parties when recording, publishing, and running state and county regulatory and tax searches on the business in escrow. Buyers and Sellers are responsible for reimbursing escrow for these fees at close. Since the tasks required to complete every escrow are different, the fees will vary. Escrow holders will produce an estimated closing statement prior to the close of escrow so that all parties may review the pending charges.