Who Pays What at Closing? (Indiana)
| Cost | Buyer Typically Pays | Seller Typically Pays |
| Loan Fees (Origination, Underwriting, Credit Report) | Yes | No |
| Appraisal | Yes | No |
| Home Inspection | Yes | No |
| Title Insurance | Yes | No |
| Homeowners Insurance (First Year) | Yes | No |
| Property Taxes | Future Portion | Past Portion |
| Recording / Filing Fees | Yes | No |
| Closing / Settlement Fees | Sometimes (May Be Split) | Sometimes (May Be Split) |
| Real Estate Commission | Buyer's agent compensation is negotiable and may be included as part of the purchase agreement | Seller's agent compensation is negotiated and outlined in the listing agreement |
| Repairs | If Negotiated | If Agreed |
| Seller Credit or Concessions |
A seller credit is when the seller agrees to contribute toward certain buyer expenses at closing, such as closing costs, prepaid items, or loan-related fees. This is typically negotiated as part of an offer. In some cases, a buyer may request a credit in exchange for a stronger purchase price or other favorable items. Rather that focusing on any one item, it's important to look at the overall structure of the agreement- including price, terms, and any credits- to understand the full financial impact. Seller credits are flexible and can be adjusted during negotiations to help both parties reach a mutually beneficial outcome. |
Quick Notes
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Costs can vary based on the specific transaction and negotiations
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Some fees may be split between buyer and seller - almost all terms are negotiable
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