A homebuyer should expect to pay what type of fees during closing?

During the closing process of a home purchase, a homebuyer should anticipate various fees known as closing costs. These costs encompass a wide array of expenses that are incurred to finalize the real estate transaction. Common examples of closing costs include appraisal fees, inspection fees, attorney fees, title insurance, and loan origination fees.

Closing costs are typically expressed as a percentage of the home’s purchase price and can vary significantly based on the location and specific details of the transaction. It is crucial for homebuyers to budget for these costs in addition to the down payment, as understanding and preparing for closing costs is a key part of the homebuying process.

The other options—marketing fees, negotiation fees, and investment fees—are not standard expenses that a homebuyer would encounter specifically at closing. Marketing fees might relate to selling a property rather than buying one, negotiation fees are generally not a distinct category of charges in real estate transactions, and investment fees pertain to investing in financial markets rather than housing purchases.