Expected closing costsThere are certain basic costs accompanying closing the sale of a house. These expenses 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.
Closing costs that are tied to financing (Details)
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
Taxes commonly paid 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 hammer out your sale, I'll not only work to get the highest sales price, but I'll also advocate for reduced closing costs. And once we've come to an agreement, I'll give a detailed list of the closing costs so you are informed of exactly what you're paying for.
Buyers: If you're purchasing real estate in Palm Beach County, you'll be given 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 prior experience and is required to be within an acceptable range so you're not startled when you reach the closing appointment. I'll be glad to look at the GFE with you, answering your questions and highlighting any estimates that are uncertain.