Hello and welcome back to my channel. I am Nagaraj Annaiah, your trusted tech realtor from the Bay Area. Most asked question during real estate transaction is what are the closing costs? Let’s understand what is closing. Also known as “settlement,” or “escrow,” closing on a home sale is the legal transfer of a property from one owner to another. Completing all of the steps necessary for the final contracts to be signed traditionally takes about a month, but in some cases, closing can take place anywhere from 15 to 60 days.
Closing costs are what the buyer and seller will pay as part of the escrow transaction. Some fees are negotiable between the seller and buyer as to “Who Pays What”.
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