What closing costs should you expect?
There are certain basic expenses accompanying closing the sale of a house. These costs are usually split between the buyer and seller, as dictated 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 show you through your process.
Costs pertaining to your loan to be paid at closing
(Details)
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
At closing, these taxes are usually paid (Details)
- Property Taxes
- Transfer Taxes and Recording Fees
At closing, these fees are often due (Details)
- 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 very best sales price, but I'll also advocate for limited closing costs. And once we've arrived at an agreement, I'll fully explain the closing costs so you know exactly where your money is going.
Buyers: If you're purchasing a house in Broward County, you'll 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 past experiences and is required to be within a suitable range so you're not astonished when you get to the closing appointment. I'll be happy to look over the LE with you, answering your questions and highlighting any estimates that seem questionable. /Apps/Forms/LeadFormViewer.aspx?FormID=441&GroupID=30541&PageName=ClosingCosts&AWSAccountPageID=30345521&NotificationEmail=