A Louisiana property's closing costs are typically:
Correct Answer
B) Negotiable between buyer and seller, but the buyer commonly pays title insurance, lender fees, and recording costs while the seller pays the commission and act of sale preparation
Closing cost allocation is negotiable. Custom varies by parish, but buyers commonly pay for title examination, title insurance, and lender-related fees, while sellers typically pay the real estate commission and may pay for the act of sale preparation.
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