There are certain standard expenses linked to closing the sale of a house. These expenses are often split between the buyer and seller, as directed 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 lead you through your transaction.
Loan-related closing costs - (Click here for details)
At closing, the following taxes are usually collected
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- Property Taxes
- Transfer Taxes and Recording Fees
At closing, these fees are often due
- Homeowners Insurance
- Flood or Quake Insurance (optional)
- Private Mortgage Insurance (PMI) (optional)
- Title Insurance
As we get through the details of your deal, We'll not only work to get the very best sales price, but we will also campaign for limited closing costs. And once we've reached an agreement, we'll explain in detail the closing costs so you are informed of exactly what you're paying for.
If you are buying a house, you will be given a "Good Faith Estimate" (GFE) 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 surprised when you come to the closing table. A member of our team will be happy to look through the GFE with you, answering your questions and highlighting any estimates that seem questionable.