Buyers and sellers pay separate closing costs, but sellers sometimes cover part of buyers' closing costs. When a seller is anxious to offload a property, he may be more likely to agree to cover some of a buyer's costs. In markets where properties sell quickly, such scenarios are less common.
Seller closing costs include attorney fees if a lawyer is retained as well as sales commissions to real estate agents. The costs are subtracted from the sale amount as opposed to buyer closing costs, which typically must be paid at closing unless a no-closing-costs loan is used. Buyer closing costs generally include mortgage application fees, title insurance, paperwork processing fees, appraisal fees, home inspection fees and more.