Closing Costs in Maryland: What to Expect
 

Closing costs are the fees and taxes paid when a home sale settles. The amounts vary by price, loan, and location, so it helps to know the categories early. I'll help you get an accurate estimate for your situation before you make or accept an offer.

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What buyers typically pay for

Loan fees charged by your lender, title and settlement fees, appraisal and inspection costs, recording charges and taxes, prepaid items like homeowners insurance and property taxes, and your down payment.

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What sellers typically pay for

Agent commissions as agreed in your listing contract, transfer and recordation taxes (which may be shared depending on the contract), payoff of your existing mortgage, any agreed repairs or credits, and your share of prorated taxes and utilities.

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Can closing costs be negotiated?

Sometimes. Buyers may ask sellers to contribute toward costs, and many loan programs have limits on how much can be covered. How much is realistic depends on the market, the home, and your loan. I'll go over options with you before you write an offer.