Closing costs you should expect

There are certain basic fees accompanying closing the sale of a house. These fees are usually split between the buyer and seller, as spelled out 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 lead you through your transaction.

Costs pertaining to your mortgage 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

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, I'll not only work to get the optimal sales price, but I'll also campaign for limited closing costs. And once we've come to an agreement, I'll give a detailed list of the closing costs so you know exactly where your money is going.

Buyers: When purchasing real estate in Delray Beach, you'll be given a "Loan Estimate" (LE) of closing costs within three days of submitting your loan application and a "Closing Disclosure" no fewer than three days prior to closing. These estimates are based on the loan officer's previous experience and are required to be within a reasonable range so you're not shocked when you arrive at closing time. I'll be happy to look over the estimate with you, answering your questions and highlighting any estimates that are uncertain.

Don't forget to factor in closing costs when considering a home sale or purchase. Silver International Realty, Inc. is seasoned at aiding both buyers and sellers when it comes to closings. E-mail or call me today at 855-693-3572 X 1 if your needs include a professional REALTOR® ready for the business side of real estate.