Closing costs you should expect
There are certain expected costs associated with closing the sale of a house. These costs are usually divided between the buyer and seller, as dictated 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 the transaction.
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
- Property Taxes
- Transfer Taxes and Recording Fees
- Homeowners Insurance
- Flood or Quake Insurance (optional)
- Private Mortgage Insurance (PMI) (optional)
- Title Insurance
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Sellers: As we hammer out your deal, I'll not only work to get the highest sales price, but I'll also campaign for lower closing costs. And once we've come to an agreement, I'll walk you through the closing costs so you know exactly what you're paying for.
Buyers: If you are buying real estate in Broward County, you will receive a "Loan Estimate" (LE) of closing costs within three days of submitting your loan application. The estimate is based on the loan officer's previous experience and is required to be within an acceptable range so you're not stunned when you show up at closing time. I'll be willing to look over the LE with you, answering your questions and highlighting any estimates in question.