What closing costs should you expect?
There are certain ordinary expenses linked to closing the sale of a house. These expenses are usually split between the buyer and seller, as directed in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in Florida to help show you through the transaction.
Costs pertaining to your mortgage to be paid at closing
(More information)
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
Taxes you may be responsible for at closing (More information)
- Property Taxes
- Transfer Taxes and Recording Fees
At closing, these fees are often due (More information)
- Homeowners Insurance
- Flood or Quake Insurance (optional)
- Private Mortgage Insurance (PMI) (optional)
- Title Insurance
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Sellers: As we hammer out your sale, not only will I work to get the optimal sales price, but I'll also advocate for lower closing costs. And once we've reached an agreement, I'll fully clarify the closing costs so you are aware of exactly what you're paying for.
Buyers: If you're buying a house in Broward County, you'll be given a "Loan Estimate" (LE) of closing costs within three days of submitting your loan application. The estimate is based on the loan officer's past experiences and is required to be within an appropriate range so you're not startled when you come to closing time. I'll be glad to look through the LE with you, answering your questions and highlighting any estimates that seem off. /Apps/Forms/LeadFormViewer.aspx?FormID=441&GroupID=30541&PageName=ClosingCosts&AWSAccountPageID=30345521&NotificationEmail=