There are many costs that go into buying a property and are often loosely grouped as “closing costs”. In the broadest sense these costs would include every expense that is paid at the closing of a sale on top of the purchase price. Who pays these costs, the buyer or the seller? Many of these costs are negotiable and either party may pay them. However, there are customary practices that often vary based on the city, county or state that have over time become common ways these costs are divided. But in all cases they can be negotiated. However, once you go outside the customary practices, if you try to negotiate either that the buyer or seller pays a cost that by custom would not be their expense, it will usually be viewed as a price change up or down depending on who is being asked to pay.
Closing costs can be divided into two big groups: recurring and non-recurring.
Non-recurring costs are one-time expenses that are paid just at closing. These include, but are not limited to: