What costs can I expect to pay at the closing as a seller?

The contract between the seller and the buyer provides who pays what. For instance, the seller normally pays the broker’s commission, title insurance, cost of satisfying the seller’s mortgage, and certain recording cost. The buyer normally pays documentary stamps, certain recording fees, and each party normally pays their own attorney’s fees. There are also some minor closing cost that are usually spelled out in the contract. Therefore, it’s very important that you consult with a real estate attorney to have him or her review the closing contract and the documents.