Goldie Sommer is an attorney and a licensed real estate agent, which means that she understands real estate on a deep level.
Most real estate contracts are associated with closing costs such as the tax to record the deed or note, title insurance, appraisals, mortgage closing fees, and so on. Start with finding out about the legal requirements in your state. Next, find out if there are customs in your area as to how closing costs are divided between the seller and the buyer. The buyer is often required to pay a lot of the fees, but they are negotiable and can add up to a substantial amount.
Just as a buyer can ask for a credit associated with necessary future repairs of the property, the buyer can also inquire about a credit towards the closing costs of a new mortgage.
Your lender will give you a Good Faith Estimate as to your closing costs and your attorney should go over them with you. Goldie Sommer reviews all fees that the lender charges with her clients.