Closing Costs & Fees

Closing costs are the one-time fees and charges due at the end of a real estate transaction, usually paid at escrow. They include lender fees, title insurance, escrow services, appraisal fees, and prepaid property taxes or insurance. For investors, especially those using financing or completing a 1031 exchange, these costs affect your total cash invested and can impact short-term returns like cash-on-cash ROI. At Meridian, we walk buyers through a detailed breakdown of expected closing costs before they commit. These fees typically range from 2% to 5% of the purchase price and should always be factored into your investment analysis.