Who Pays Closing Costs in Alabama?
In an Alabama sale, closing costs are split between buyer and seller based on local custom and whatever the contract says. Sellers commonly cover items like the deed preparation, their share of prorated property taxes, any payoff of liens, and agent commissions if agents are involved. When you sell to Acquily, you pay no closing costs and no commissions at all.
Typical seller side items in a traditional sale include commission, the owner's title work depending on the deal, recording and deed preparation, prorated taxes, and any repair credits the buyer negotiates.
Buyer side items usually include lender charges, appraisal, inspections, and their own title insurance policy.
None of that applies with us. There is no lender, no agent, and no repair credit negotiation, and we do not deduct closing costs from your side.
This is general information about how Alabama sales usually work, not a quote for your transaction. Your closing statement will show the exact numbers before you sign.
Frequently Asked Questions
Do I pay anything at closing when I sell to Acquily?
No. No commissions, no listing fees, and no closing costs paid by you.
What about my property taxes?
Property taxes are prorated at closing, so you cover your portion of the year through the closing date out of the proceeds.
What about my mortgage payoff?
The loan is paid off from the sale proceeds. Whatever remains after payoff and liens goes to you.
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