Closing costs you should expect

There are certain typical costs linked to closing the sale of a house. These expenses are commonly divided between the buyer and seller, as directed 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 your transaction.

Closing costs that are loan-related    (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 get through the details of your transaction, I'll not only work to get the highest sales price, but I'll also campaign for reduced closing costs. And once we've reached an agreement, I'll walk you through the closing costs so you are aware of exactly where your money is going.

Buyers: When purchasing a home 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 previous experience and are required to be within a tolerable range so you're not shocked when you come to closing time. I'll be willing to look over the estimate with you, answering your questions and highlighting any estimates that seem off.

Don't forget to factor in closing costs when considering a home sale or purchase. Silver International Realty, Inc. is experienced 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 professional REALTOR® ready for the business side of buying and selling.