Which is typically a buyer closing cost?

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Multiple Choice

Which is typically a buyer closing cost?

Explanation:
When you’re financing a home, the lender requires an appraisal to verify the property’s value and to protect the loan amount. This appraisal cost is almost always paid by the buyer as part of closing. It’s different from seller-paid items like commissions or transfer taxes, and from recording fees that are charged by the county and can vary by region. Because the appraisal is a standard loan condition and routinely billed to the borrower, it’s the typical buyer closing cost.

When you’re financing a home, the lender requires an appraisal to verify the property’s value and to protect the loan amount. This appraisal cost is almost always paid by the buyer as part of closing. It’s different from seller-paid items like commissions or transfer taxes, and from recording fees that are charged by the county and can vary by region. Because the appraisal is a standard loan condition and routinely billed to the borrower, it’s the typical buyer closing cost.

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