closing costs

noun

: the extra amounts of money that people need to pay when they buy a house

Examples of closing costs in a Sentence

Recent Examples on the Web Some Realtors have warned that in competitive markets where homes for sale receive multiple offers, buyers may be pushed to pay their own agents out-of-pocket to make their bids more appealing to sellers, further adding to the often burdensome closing costs associated with purchasing a home. Samantha Delouya, CNN, 19 Aug. 2024 For example, a buyer can offer to pay $850,000 for a house if the seller gives them $30,000 back, which the buyer would then use to pay their agent and other closing costs. Andrew Khouri, Los Angeles Times, 16 Aug. 2024 While Better doesn’t have a lot of special loans aimed at lower-income buyers, the HOPE Grant can help eligible borrowers with up to $5,000 toward a down payment or closing costs. Kelsey Neubauer, CNBC, 9 Aug. 2024 For example, a buyer could offer $850,000 for a house if the seller gives them $30,000 back, which the buyer would then use to pay their agent and other closing costs. Andrew Khouri, Los Angeles Times, 8 Aug. 2024 See all Example Sentences for closing costs 

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'closing costs.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Dictionary Entries Near closing costs

Cite this Entry

“Closing costs.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/closing%20costs. Accessed 17 Sep. 2024.

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