Real Estate Glossary

What is Closing Statement?

When someone buys a house, there are a lot of costs involved in this process, like the price of the house or the taxes, and all the fees for different services. The closing statement is a official document that will show all of these costs and how much money the buyer and/ or seller have to pay. 

It's loo like a big bill that lists everything that was paid during the home-buying process. 

It's important to look at the closing statement carefully, so you know what you're paying for and how much you're paying. It's kind of like looking at the receipt when you buy something from a store.