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All Blog Posts • Buyer Tips • Financial Information • Pre Listing • Seller Tips • Working with a Realtor • October 5, 2024

Track Closing Costs

by Caryn Weckstein - Kiley Johnson, CinDay Group

Be prepared and know who’s responsible for the variety of fees and expenses at the closing table.

*Lenders keep funds for taxes and insurance in escrow accounts as they are paid with the mortgage, then pay the insurance or taxes for you.

** Because such costs are usually paid on either a monthly or yearly basis, the buyers may have to pay a bill for services that you actually used before moving, or vice versa. Proration is a way to even out bills you may have paid in advance, or that buyers may later pay for services you used. 

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