What are closing costs and who pays them

What Are the Closing Costs in Oregon, and Who Pays Them?

Closing costs are one of the most common surprises in a real estate transaction. In Oregon, buyers typically pay 2–4% of the purchase price in closing costs, while sellers pay agent commissions and some title fees.

Buyer Closing Costs May Include:

• Loan origination fees

• Appraisal & inspection

• Title insurance & escrow

• Prepaid property taxes and insurance

Seller Closing Costs May Include:

• Agent commission

• Title insurance for the buyer

• Prorated property taxes

• Escrow fees (often split)