Don't forget to factor in closing costs when considering a home sale or purchase. Welcome Home Realty International is seasoned at assisting both buyers and sellers when it comes to closings. E-mail or call me today at (772) 631-2794 if your needs include a professional REALTOR® ready for the business side of buying and selling.
What closing costs should you expect?
There are certain normal costs accompanying closing the sale of a house. These expenses are often divided between the buyer and seller, as spelled out in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in Florida to help direct you through the transaction.Closing costs that are tied to your mortgage (Learn more)
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
At closing, the following taxes are usually collected (Learn more)
- Property Taxes
- Transfer Taxes and Recording Fees
At closing, these fees are often due (Learn more)
- Homeowners Insurance
- Flood or Quake Insurance (optional)
- Private Mortgage Insurance (PMI) (optional)
- Title Insurance
Sellers: As we hammer out your transaction, we'll not only work to get the highest sales price, but we'll also campaign for lower closing costs. And once we've come to an agreement, we'll give a detailed list of the closing costs so you are aware of exactly where your money is going.
Buyers: When purchasing a property in Martin County, you'll receive 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 previous experience and is required to be within an acceptable range so you're not shocked when you reach the closing table. We'll be glad to look through the GFE with you, answering your questions and highlighting any estimates in question.