closing costs: Maine Home Sales: Who Pays For What At Closing? - 11/12/07 08:02 AM
Who Pays For What At Closing?
While contracts for the purchase and sale of Real Estate may vary, who pays for what at closing time generally follows the outline below.  When you are in doubt, and even if you aren't, it is best to check with your Realtor and your Loan Officer to make sure you clearly understand the costs associated with purchasing or selling a home.
The seller can normally be expected to pay for the following:
1.  The Real Estate Commission
2.  Half of the closing fee charged by the company handling the closing (generally the title company).
3.  The payoff balance or all … (1 comments)