Don't forget to factor in closing costs when considering a home sale or purchase. Greater Florida Realty inc. is seasoned at helping both buyers and sellers when it comes to closings. E-mail or call us today at 954-900-2699 if your needs include a real estate pro ready for the business side of buying and selling.

Expected closing costs

There are certain standard fees accompanying closing the sale of a house. These fees are commonly split between the buyer and seller, as spelled out 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 the deal.

Costs pertaining to your loan to be paid at closing    (Click here for details)

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

At closing, these taxes are usually paid    (Click here for details)

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (Click here for details)

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

Sellers: As we negotiate your sale, not only will we work to get the very best 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 know exactly where your money is going.

Buyers: If you are purchasing a house in Broward 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 previous experience and is required to be within a reasonable range so you're not surprised when you get to closing time. We'll be willing to look through the GFE with you, answering your questions and highlighting any estimates that seem unusual.

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