Esperanza Butler® 818 926 5425 that is a good rule of thumb for the Buyers closing cost. For the Sellers closing costs here in CT lenders use an 8% estimate since the Seller pays the Realtor commission, and conveyance tax.
The agent commission is "in the news" of late, and we should not say to buyer that they don't pay the fee, it is included in the price of the home.
Buyers and sellers all need to be aware of the fees that will be paid and who will be paying hat. This especially important for those that are buying for the first time.
Hello there Esperanza! Yes it is quite important for all parties to be aware of their closing costs up front.
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