What is CC in real estate?
What does CC mean in real estate?
Have you ever seen the term "CC" (i.e. Asking $165,000 + CC) and wondered, what does that mean? CC simply means closing costs.
What are closing costs?
Closing costs are the fees you see on a HUD-1 or ALTA settlement sheet related to the transfer of the property from the seller to the buyer:
Government Recording and Transfer Charges
- Transfer tax
- Recording fees: Deed (buyer pays), Mortgage Release (seller pays)
- City/County tax/stamps: Deed
- State tax/stamps: Deed
- Recordation Tax
Title Charges
- Settlement or closing fee
- Owner's title insurance (may be optional depending on state)
- Lender's title insurance (if applicable)
- CPL (if applicable)
