Anticipated closing costs

There are certain expected expenses linked to closing the sale of a house. These fees are usually divided 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 guide you through the deal.

Closing costs that are loan-related    (Click here for more information)

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

At closing, the following taxes are usually paid    (Click here for more information)

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance fees due at closing    (Click here for more information)

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

Sellers: As we hammer out your transaction, I'll not only work to get the very best sales price, but I'll also advocate for limited closing costs. And once we've come to an agreement, I'll fully explain the closing costs so you are informed of exactly what you're paying for.

Buyers: When buying a house in Delray Beach, you will receive 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 appropriate range so you're not shocked when you show up at closing time. I'll be glad to look at the estimate with you, answering your questions and highlighting any estimates that appear to be out of the ordinary.

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 561-929-5799 if your needs include a real estate pro ready for the business side of buying and selling.