Don't forget to factor in closing costs when considering a home sale or purchase. Silver International Realty, Inc. is experienced 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® ready for the business side of buying and selling.
Expected closing costs
There are certain basic fees related to closing the sale of a house. These fees are commonly split between the buyer and seller, as instructed in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in Florida to help direct you through the deal.
Loan-related closing costs
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
Taxes you may be responsible for at closing (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 get through the details of your sale, not only will I work to get the optimal sales price, but I'll also push for limited closing costs. And once we've come to an agreement, I'll explain in detail the closing costs so you know exactly what you're paying for.
Buyers: If you are buying a home in Palm Beach County, you'll 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 past experiences and is required to be within an appropriate range so you're not stunned when you reach closing time. I'll be glad to review the GFE with you, answering your questions and highlighting any estimates that appear to be out of the ordinary.