Closing costs you should expect
There are certain ordinary costs related to closing the sale of a house. These costs are often split between the buyer and seller, as directed in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in Florida to help lead you through the transaction.
Closing costs that are tied to your mortgage
(Learn more)
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
At closing, these taxes are usually collected (Learn more)
- Property Taxes
- Transfer Taxes and Recording Fees
At closing, these fees are often due (Learn more)
- Homeowners Insurance
- Flood or Quake Insurance (optional)
- Private Mortgage Insurance (PMI) (optional)
- Title Insurance
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Sellers: As we get through the details of your transaction, I'll not only work to get the optimal sales price, but I'll also push for reduced closing costs. And once we've reached an agreement, I'll fully clarify the closing costs so you are informed of exactly what you're paying for.
Buyers: If you're buying a house in Broward County, you will receive a "Loan Estimate" (LE) of closing costs within three days of submitting your loan application. The estimate is based on the loan officer's previous experience and is required to be within a tolerable range so you're not surprised when you reach the closing appointment. I'll be happy to go through the LE with you, answering your questions and highlighting any estimates that appear to be out of the ordinary. /Apps/Forms/LeadFormViewer.aspx?FormID=441&GroupID=30541&PageName=ClosingCosts&AWSAccountPageID=30345521&NotificationEmail=