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Closing Costs
There are certain standard costs associated with closing the sale of a house. These fees are split between the buyer and the seller, as spelled out in the sales contract.
As I negotiate the sales contract for you, I will not only work to get the sales price you want, I will also work to limit the number of closing costs for which you will be responsible.
I will walk you through the closing costs, answering any questions you may have explaining which costs are decreed by law to be yours and which are negotiable.
Good Faith Estimate
Buyers will receive a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. The estimate is based on the loan officer's past experience and may not include all the closing costs. I will be glad to review the "Good Faith Estimate," answering questions and highlighting missing costs and estimates I believe to be low.
Standard Closing Costs
Loan-Related Costs
- Loan Origination Fee
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account (pre paid taxs and insurance)
Taxes
- Property Taxes (the seller will pay taxes from 1/1 until the settlement date)
- Transfer Taxes and Recording Fees
Insurance
- Homeowners Insurance *
- Flood Insurance *
- Private Mortgage Insurance (PMI) (if the loan is more than 80%)
- Title Insurance (the seller pays it in Palm Beach County)
* included inthe condo fee for condominiums. | 
