Expected closing costs

There are certain expected fees associated with closing the sale of a home. These fees are often divided between the buyer and seller, as instructed 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 direct you through your deal.

Costs pertaining to your mortgage to be paid at closing    (Click here for details)

  • Points (optional)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
  • Escrow Account

Taxes commonly paid at closing    (Click here for details)

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (Click here for details)

  • Homeowners Insurance
  • Flood or Quake Insurance (optional)
  • Private Mortgage Insurance (PMI) (optional)
  • Title Insurance

Sellers: As we hammer out your deal, I'll not only work to get the highest sales price, but I'll also advocate for limited closing costs. And once we've reached an agreement, I'll describe in detail the closing costs so you know exactly what you're paying for.

Buyers: When purchasing a home in Delray Beach, you will 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 prior experience and are required to be within an acceptable range so you're not stunned when you come to the closing table. I'll be willing to go over the estimate with you, answering your questions and highlighting any estimates that seem unusual.

Don't forget to factor in closing costs when considering a home sale or purchase. Silver International Realty, Inc. is seasoned at helping 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 real estate pro experienced in the business side of real estate.