Which of the following statements about closing costs in Louisiana is true?

Closing costs in Louisiana can indeed be negotiated between the parties involved in a real estate transaction. This flexibility allows buyers and sellers to come to a mutually agreeable arrangement in terms of who will be responsible for various fees and charges associated with closing.

In many cases, the sale contract will outline who pays for specific costs such as title insurance, appraisal fees, and attorney fees. Negotiating these costs can lead to a more favorable outcome for either the buyer or the seller, depending on the details of the transaction and market conditions.

The other options do not accurately reflect how closing costs work in Louisiana. Certain costs may not be permanently assigned to the buyer, and they are not strictly determined by law nor do they solely depend on property type, which further highlights the importance of negotiation in real estate transactions.