Finding the right home at the right price is just one part of a real estate transaction. Silver International Realty, Inc. is seasoned at assisting both buyers and sellers when it comes to closings. E-mail
or call me today at (561) 274-8153 if your needs include a professional REALTOR®
experienced in the business side of real estate.
What closing costs should you expect?
There are certain ordinary costs associated with closing the sale of a house. These expenses are commonly split between the buyer and seller, as instructed 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 the transaction.
Loan-related closing costs
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
At closing, the following taxes are usually collected (Details)
- Property Taxes
- Transfer Taxes and Recording Fees
Insurance fees due at closing (Details)
- Homeowners Insurance
- Flood or Quake Insurance (optional)
- Private Mortgage Insurance (PMI) (optional)
- Title Insurance
Sellers: As we negotiate your transaction, 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 home in Palm Beach County, you will get 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 previous experience and is required to be within a reasonable range so you're not astonished when you come to the closing table. I'll be glad to review the GFE with you, answering your questions and highlighting any estimates that seem off.