closing costs


Fees and expenses, over and above the price of the property, incurred by the buyer and/or the seller in the property ownership transfer. Examples are title searches, lawyer's fees, survey charges, and deed filing fees. also called settlement costs.

Use closing costs in a sentence

When I bought my house last spring, the seller agreed to pay the closing costs in order to secure the sale.

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The closing costs were pretty high and I did not know if we would be able to afford to buy anything.

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When my wife and I bought a house, we negotiated to have the seller pay our closing costs by giving money directly to the real estate agents and lawyers.

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