What closing costs should you expect?

There are certain expected expenses related to closing the sale of a house. These costs are commonly divided between the buyer and seller, as spelled out in the sales contract. Many are universal, but there are nuances to each, so you'll want a real estate expert in Florida to help show you through your deal.

Loan-related closing costs    (Click here for more information)

  • Points (optional)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
  • Escrow Account

At closing, these taxes are usually collected    (Click here for more information)

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance fees due at closing    (Click here for more information)

  • Homeowners Insurance
  • Flood or Quake Insurance (optional)
  • Private Mortgage Insurance (PMI) (optional)
  • Title Insurance

Sellers: As we negotiate your sale, not only will I work to get the highest sales price, but I'll also advocate for lower closing costs. And once we've arrived at an agreement, I'll fully explain the closing costs so you know exactly what you're paying for.

Buyers: When purchasing a house in Broward County, you'll get a "Loan Estimate" (LE) of closing costs within three days of submitting your loan application. The estimate is based on the loan officer's prior experience and is required to be within an appropriate range so you're not shocked when you arrive at the closing table. I'll be happy to go over the LE with you, answering your questions and highlighting any estimates of concern.
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Charles Rutenberg Realty, Fort Lauderdale, The Scott Todd / Mike Imperiale Team