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)