The property and improvements which the Seller is agreeing to sell and which the Purchaser is agreeing to purchase is known as. It is also important at this stage to confirm that you have the closing costs in place to complete a purchase at your qualified amount.I'm gonna break down all the terms and conditions so you can understand what it means and we're gonna fill that out so you can have a real-life example of it. Any idea how to figure out how much it'd be that we'd have to pay out in closing cost expenses when we sell our house?