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Closing Costs

Closing Costs in a Standard Florida Contract (and typical amounts)

 

COSTS TO BE PAID BY SELLER:

  • Documentary stamp taxes on deed (0.7%, $700 per $100,000)
  • HOA/Condominium Association estoppel fees ($50 to $100)
  • Recording and other fees needed to cure title (not typical)
  • Full amount of all liens imposed by a public body (not typical)
  • Seller’s attorneys’ fees (not typical)
  • Commissions and fees Seller has agreed to pay a real estate broker(6 to 8%)

 

COSTS TO BE PAID BY BUYER:

  • HOA/Condominium Association application/transfer fees ($150 to $250)
  • Buyer’s Inspections ($300 to $400 typically paid before closing)
  • All property related insurance (variable)
  • Buyer’s attorneys’ fees (not typical)
  • Commissions and fees Buyer has agreed to pay a real estate broker, if any
  • Loan expenses (lender supplies these charges in good faith estimate)
  • Recording fees for deed and financing statements
  • Taxes and recording fees on notes and mortgage
  • Lender’s title policy and endorsements
  • Appraisal fees
  • Survey (Seller to provide a copy if Seller already has one)    

 

COSTS THAT ARE AUTOMATICALLY NEGOTIABLE:

  • Owner’s Title Insurance Policy and Charges (insurance policy depends on who names closing agent, typically both sides pay some charges of $300 to $500)
  • Special Assessments imposed by a public body (typically all for seller, if any)
  • Home Warranty (no longer typically included)

 

COSTS THAT ARE PRORATED (split between Buyer and Seller):

  • Real Estate taxes (including CDD assessments, if any)
  • Association fees
  • Interest (not typical)
  • Bonds (not typical)
  • Rents (not typical)
  • Other expenses of the property

Copyright © 2017 Mid Florida MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Mid Florida MLS. Information provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. La Rosa Realty LLC participates in the MFRMLS Internet Data Exchange (IDX) program, allowing display of other MFRMLS broker's listings on this site. However may not include all listings currently available. Information is deemed reliable but not guaranteed. Information last updated at 2017-06-28 07:58:16.

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Mark LeMenager

Phone: 407-744-4759
Mark_LeMenager@yahoo.com

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Mark LeMenager | La Rosa Realty LLC | 407-744-4759 | Mark_LeMenager@yahoo.com
3373 Schoolhouse Rd. Harmony, FL 34773