What closing costs should you expect?There are certain ordinary expenses related to closing the sale of a house. These fees are usually split between the buyer and seller, as instructed in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in Florida to help guide you through your process.
Costs pertaining to your loan to be paid at closing (Click here for more information)
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
At closing, the following taxes are usually paid (Click here for more information)
- Property Taxes
- Transfer Taxes and Recording Fees
At closing, these fees are often due (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 sale, not only will I work to get the very best sales price, but I'll also campaign for reduced closing costs. And once we've arrived at an agreement, I'll give a detailed list of the closing costs so you know exactly where your money is going.
Buyers: When purchasing a property in Polk County, you will get a "Good Faith Estimate" (GFE) 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 arrive at the closing appointment. I'll be glad to review the GFE with you, answering your questions and highlighting any estimates that seem off.