There are certain expected costs associated with closing the sale of a house. These expenses are usually divided between the buyer and seller, as directed 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 lead you through your transaction.
Closing costs that are tied to financing
• Points (optional)
• Appraisal Fee
• Credit Report
• Interest Payment
• Escrow Account
Taxes commonly paid at closing
• Property Taxes
• Transfer Taxes and Recording Fees
At closing, these fees are often due
• Homeowners Insurance
• Flood or Quake Insurance (optional)
• Private Mortgage Insurance (PMI) (optional)
• Title Insurance
Sellers: As we hammer out your deal, not only will I work to get the optimal sales price, but I'll also campaign for limited closing costs. And once we've come to an agreement, I'll fully explain the closing costs so you know exactly what you're paying for.
Buyers: If you are purchasing real estate in Lake County, you'll be given 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 past experiences and is required to be within an appropriate range so you're not surprised when you come to the closing table. I'll be happy to look over the GFE with you, answering your questions and highlighting any estimates of concern.