Understanding Who Pays Closing Costs in NC

There is usually a long list of questions when it comes to any real estate transaction. Often leading the way, right after inquiries about the purchase price, are the questions aimed at understanding who pays closing costs in NC. The seller and buyer each cover a portion of the closing cost and may compromise on a few items to close the deal.

In North Carolina, both the seller and the buyer generally pay some portion of closing costs. The guidelines are standard statewide so a buyer and seller in Charlotte will have a similar list of closing cost fees as someone in Cashiers and throughout Western North Carolina. The specific amounts that each side is expected to cover in the transaction depend on the terms of the contract; what was negotiated and…

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