close cost

USAGE SUMMARY

The phrase "close cost" is not correct in standard written English.
It may be an attempt to refer to "closing costs," which are fees associated with the finalization of a real estate transaction. Example: "Before finalizing the purchase, make sure you understand all the closing costs involved."

⚠ May contain grammatical issues

Wiki

News & Media

Human-verified examples from authoritative sources

Exact Expressions

2 human-written examples

The Volt while on EV mode has a close cost per mile but as the distance is larger than its electric range of 35 mile, the Leaf advantage is similar to the other cars.

Wikipedia

Make it look like you're rich and the close cost a lot of money.

WikiHow

Human-verified similar examples from authoritative sources

Similar Expressions

56 human-written examples

With an eye toward a stock market that might see environmental efforts as detrimental to shareholder interests, Ford officials say they are putting a close cost-benefit lens on the Rouge project.

The New York Times

Latin America's largest rubbish dump is to close, costing thousands of local people their jobs.

BBC

Closing cost disparities.

Forbes

"We have made cutbacks and far closer cost control," added Keyte.

BBC

Compare closing cost estimates.

WikiHow

Request for Closing Cost Support.

WikiHow

Make sure the closing cost of the mortgage company is under a thousand dollars.

WikiHow

The remainder would pay the closing costs.

The New Yorker

No refinancing — no closing costs.

The New York Times

Expert writing Tips

Best practice

Avoid using the phrase "close cost". The correct term is "closing costs", especially in real estate or financial contexts.

Common error

Don't assume that "close cost" is an acceptable shortened version of "closing costs". Using the incorrect term can lead to confusion and appear unprofessional. Always use the established financial terminology.

Linguistic Context

The phrase "close cost" is generally used in contexts where one intends to refer to expenses incurred either when concluding a deal or to economical control. However, it is considered incorrect. Ludwig AI confirms this by flagging the phrase as grammatically incorrect.

Expression frequency: Rare

Frequent in

News & Media

50%

Wiki

50%

Science

0%

Less common in

Formal & Business

0%

Academia

0%

Encyclopedias

0%

Ludwig's WRAP-UP

In summary, the phrase "close cost" is generally considered incorrect. It seems to be a misstatement or misunderstanding of the common term "closing costs", which refers to the various fees associated with finalizing a transaction, particularly in real estate. Ludwig AI identifies "close cost" as grammatically incorrect, and its usage is rare. When discussing transaction-related expenses, it's crucial to use the correct terminology to avoid confusion. The correct term is "closing costs".

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

closing costs

Corrects the original phrase to the standard term for expenses incurred during a transaction.

deal closing costs

Specifies that the costs are related to closing a deal.

final expenses

Replaces "cost" with a more general term for expenses at the end of a process.

settlement fees

Offers a more formal alternative to describe transaction-related expenses.

transaction fees

Focuses on fees specifically associated with a transaction.

careful cost control

Shifts the focus to managing expenses closely, which is related to minimizing costs.

cost-benefit analysis

Refers to evaluating costs against benefits, which is relevant to making cost-effective decisions.

expense management

Emphasizes the active management of expenses to keep costs down.

cost optimization

Highlights efforts to make costs as efficient as possible.

financial prudence

Indicates the practice of being careful and economical with finances, which is indirectly related to managing costs.

FAQs

What is the correct way to refer to fees paid at the end of a real estate transaction?

The correct term is "closing costs". This includes expenses like appraisal fees, title insurance, and taxes.

Is "close cost" an acceptable abbreviation for "closing costs"?

No, "close cost" is not an accepted abbreviation. Always use the full term "closing costs" to ensure clarity and avoid confusion.

What expenses are typically included in "closing costs"?

"Closing costs" typically encompass a range of fees such as attorney fees, title insurance, taxes, and appraisal fees, all required to finalize a real estate transaction.

Are "closing costs" negotiable?

Yes, some "closing costs" are negotiable. Buyers can often negotiate with sellers to cover a portion of these costs or shop around for better rates on services like title insurance.