In real estate transactions, the responsibility for covering the costs associated with coordinating the process often falls upon either the buyer or the seller, depending on local customs, contractual agreements, or prevailing market practices. For example, in some regions, the seller traditionally covers these costs, while in others, it’s the buyer, or perhaps the cost is split between both parties. The specific details are typically outlined in the purchase agreement.
Clearly defining this responsibility upfront streamlines the closing process and minimizes potential disputes. This clarity benefits all parties involved by ensuring a smooth and predictable transaction. Historically, variations in who bears this cost have reflected differing market dynamics and regional practices. Understanding these historical trends can offer valuable insights into current conventions.
Continue reading “Who Covers Transaction Coordinator Fees? 6+ Facts”
