Who typically pays closing costs in North Carolina?

In North Carolina, it is common for both the buyer and seller to pay closing costs, and this responsibility often depends on the terms negotiated in the purchase agreement. Closing costs can include a range of fees such as loan origination fees, appraisal fees, title insurance, and attorney fees, among others.

Buyers may be responsible for costs associated with obtaining financing and transferring the property, while sellers might cover costs related to the sale of the property itself, like real estate commission and any remaining taxes. The specific allocation of these costs can vary based on the negotiations between the parties involved in a transaction. Therefore, understanding that both parties may contribute to closing costs is important in real estate transactions in North Carolina.