What Is Closing Costs?
Closing costs are the transaction expenses paid at settlement, including title fees, recording fees, transfer taxes, escrow fees, and other charges.
Closing costs are the transaction expenses paid at settlement, including title fees, recording fees, transfer taxes, escrow fees, and other charges.
Closing Costs explained
Closing costs are the transaction expenses paid at settlement, including title fees, recording fees, transfer taxes, escrow fees, and other charges. In a wholesale operation, the term matters because it connects the seller conversation to a real next step instead of leaving the team with vague notes.
Closing costs affect both seller net proceeds and buyer profit, so they need to be considered before a wholesale offer is made. VA Horizon cares about this because callers, lead managers, and acquisitions teams all need the same language inside the CRM. When the term is tagged correctly, follow-up becomes cleaner, handoffs improve, and the operator can see whether the lead is worth more time.
Costs vary by state, county, title company, and deal structure, especially when a double close creates two transactions.
Example
A deal that looks profitable on spread alone may become too thin after transfer taxes, title fees, and transactional funding costs.
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