What closing costs should you expect?

There are certain basic costs accompanying closing the sale of a house. These fees are often 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 guide you through the transaction.

Loan-related closing costs    (Click here for more information)

  • Points (optional)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
  • Escrow Account

Taxes commonly paid at closing    (Click here for more information)

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance fees due at closing    (Click here for more information)

  • Homeowners Insurance
  • Flood or Quake Insurance (optional)
  • Private Mortgage Insurance (PMI) (optional)
  • Title Insurance

Sellers: As we hammer out your transaction, not only will I work to get the very best sales price, but I'll also campaign for lower closing costs. And once we've reached an agreement, I'll fully explain the closing costs so you know exactly where your money is going.

Buyers: When buying real estate in Miami-Dade County, you will get a "Loan Estimate" (LE) 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 appropriate range so you're not shocked when you get to closing time. I'll be glad to go through the LE with you, answering your questions and highlighting any estimates that seem unusual.

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