closing costs

American  

plural noun

Personal Finance.

1. fees charged to a purchaser by a bank, lawyer, etc. for services related to a sale, as title search, appraisal, etc.

2. any expenses over the purchase price of a house, land, etc., that is paid by the purchaser or seller at the completion of the sale.

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Example Sentences

See Examples For:

closing costs

And nearly half of sellers are giving concessions to buyers to get deals done, such as offering to cover closing costs or giving money for repairs.

From The Wall Street Journal ● Oct. 14, 2026

If he sold the condo right now, he could lose the $58,000 he put down, and possibly more after factoring in broker fees and closing costs.

From MarketWatch ● Sep. 18, 2026

“In many parts of the country, buyers may be able to negotiate on price, repairs or closing costs — and walk away if the numbers don’t work,” she added.

From MarketWatch ● Sep. 10, 2026

With all the donations, the San Bernardino Mountains Land Trust can purchase the parcel, as well as cover closing costs, taxes, legal fees and some maintenance of the land.

From Los Angeles Times ● Jul. 24, 2026

There were no closing costs or other fees.

From "Drama High" by Michael Sokolove

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