Expected closing costs
There are certain basic expenses accompanying closing the sale of a house. These expenses are usually divided between the buyer and seller, as noted 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 your process.
Costs pertaining to your loan to be paid at closing
(Learn more)
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
At closing, the following 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 deal, not only will I work to get the highest sales price, but I'll also advocate for limited closing costs. And once we've come to an agreement, I'll describe in detail the closing costs so you are informed of exactly where your money is going.
Buyers: When purchasing a home 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 prior experience and is required to be within a suitable range so you're not startled when you arrive at the closing appointment. I'll be happy to go through the LE with you, answering your questions and highlighting any estimates that seem unusual. /Apps/Forms/LeadFormViewer.aspx?FormID=441&GroupID=30541&PageName=ClosingCosts&AWSAccountPageID=30345521&NotificationEmail=