Answer This Question Before You Even Think About Buying a Home

Christy Bieber, The Motley Fool
·3-min read
Answer This Question Before You Even Think About Buying a Home

Closing costs can include things like transfer taxes, title insurance, and fees paid to the title company that processes the transaction. When you're selling your home, you'll also have to pay commission to both your own real estate agent (if you use one) and the agent representing the person buying your home. The standard real estate commission is 6%, split between the buyer's agent and the seller's agent.