What closing costs should you expect?There are certain basic expenses accompanying closing the sale of a home. These expenses are commonly split between the buyer and seller, as instructed 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 process.
Closing costs that are tied to financing (More information)
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
At closing, the following taxes are usually paid (More information)
- Property Taxes
- Transfer Taxes and Recording Fees
At closing, these fees are often due (More information)
- Homeowners Insurance
- Flood or Quake Insurance (optional)
- Private Mortgage Insurance (PMI) (optional)
- Title Insurance
Sellers: As we negotiate your transaction, not only will I work to get the highest sales price, but I'll also push for lower closing costs. And once we've come to an agreement, I'll explain in detail the closing costs so you are informed of exactly what you're paying for.
Buyers: When purchasing a house in Jensen Beach, you'll get 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 suitable range so you're not astonished when you arrive at closing time. I'll be willing to look through the estimate with you, answering your questions and highlighting any estimates that seem unusual.