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Don't forget to factor in closing costs when considering a home sale or purchase. South Florida REO Inc. is experienced at assisting both buyers and sellers when it comes to closings. E-mail or call us today at (954) 472-2520 if your needs include a professional REALTOR® ready for the business side of real estate.
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Anticipated closing costs
There are certain ordinary expenses linked to closing the sale of a house. These costs are often split between the buyer and seller, as directed 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 your process.
Loan-related closing costs
(Details)
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
At closing, the following taxes are usually paid (Details)
- Property Taxes
- Transfer Taxes and Recording Fees
At closing, these fees are often due (Details)
- Homeowners Insurance
- Flood or Quake Insurance (optional)
- Private Mortgage Insurance (PMI) (optional)
- Title Insurance
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Sellers: As we negotiate your deal, I'll not only work to get the highest sales price, but I'll also advocate for lower closing costs. And once we've reached an agreement, I'll give a detailed list of the closing costs so you are informed of exactly where your money is going.
Buyers: If you're purchasing real estate in Broward County, you will 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 past experiences and is required to be within a suitable range so you're not astonished when you get to the closing appointment. I'll be willing to review the GFE with you, answering your questions and highlighting any estimates that seem off.
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South Florida REO Inc. 100 S Pine Island Rd Ste 102 Plantation, FL 33324-2614
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