Re: Buying property
"closing costs" are all the ways the banks and lawyers (and real estate agents if you're the seller) dip into your pocket. broker fees, "commitment" fees (pay us to give you this loan), appraisal fees, flood inspection, flood insurance, termite inspection, house inspection, tax document prep, faxing fees, filing fees, etc. some of it is negotiable: just negotiate before you get to the closing table.
the other: you have the seller pay for the repairs but hire your own guy to do it. seller then cuts a check directly to the contractor at closing to cover the repairs to be made.
matt
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