You are in the process of purchasing a new home.Expenses that the buyer and seller incur when finalizing the transfer of the ownership of the house are called
A)end costs.
B)finalization costs.
C)transfer fees.
D)closing costs.
E)none of the above.

Question

Quizplus · Accepted Answer

Closing costs are the expenses that both the buyer and seller have to bear to complete the transfer of ownership of the house. These may include fees for the title search, appraisal, home inspection, legal documentation, and other related services.

You Are in the Process of Purchasing a New Home