Sarasota County Florida - Seller Closing Costs

This post was inspired by a seller I was working with, who owned a property. They had no idea how much are the seller closing costs in Sarasota County FL were because they had not sold any property for over 15 years.

The following will show the itemized closing costs.

Customary Seller Closing Costs in Sarasota County FL:

For Conventional Mortgage:

1.   Doc stamps on deed ( 70 cents per $100 based on sale price)

2.   Real estate commission

3.   Pay off existing mortgage (if applicable)

4.   Process satisfaction of mortgage

5.   Courier fee

6.   Property taxes prorated to date of closing

7.   Home warranty (if applicable)

 

For VA and FHA Mortgage:

1.    Loan discount points (negotiable) (70 cents per $100 based on sale price)

2.    Tax service fee

3.    Underwriting fee

4.    Document preparation fee

5.    Doc stamps on the deed (70cents per $100 based on sale price)

6.    Inspections required by FHA/VA or contract

7.    Final inspections

8.    Assignment of mortgage (if applicable)

9.    Termite inspections

10.   Roof certification and 4 points inspection(depends on age of home)

11.   Process satisfaction of mortgage

12.   Courier fee

13.   Real estate commission

14.   Payoff existing mortgage(if applicable)

15.   Property taxes prorated to date of closing

16.   Home warranty (if applicable)

 

Seller Closing Costs in Sarasota County FL

With a FHA or VA loan there are certain fees that the buyer is not allowed to pay for, so that the seller pays for it.

Usually what happens is the seller agrees to pay a certain amount of the buyers closing fees and prepaids. If the seller does not agree to pay a certain amount of the buyers cost, they will not be able to close with that type of loan.

The customary seller closing costs covered as to the break down, it all really depends on the loan. Some fees can be paid by the buyer on a FHA loan but those same fees cannot be paid by the buyer on a VA loan.

The loan discount points are a lenders charge.

 

Seller Closing Costs in Sarasota County FL

 

Sellers, I hope you will find the above information helpful. If you have any further questions, just call or text me at 941-716-3090

 

Kwee-Huset

Kwee Huset

Kwee Huset Realty - Venice Florida Real Estate

Broker/owner, REALTOR®, AHWD, CSP, ESRES, TRC

Call today at 941-716-3090 for results.

info@kweehuset.com   

 

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12 Comments on Seller Closing Costs in Sarasota County FL

AUG
21
1,416,341 Points 28 Featured Posts Hit Router Called Shot Master

Great information for sellers in Sarasota County, Kwee.  It's very similar to us as well in Martin County.
5:25am • #1
336,403 Points 23 Featured Posts Outside Blog Called Shot Master

It's not like selling a bicycle or even a car! Way more!!
7:35am • #2
1,470,517 Points 27 Featured Posts Outside Blog Called Shot Master

This is very good information for prospective home buyers.

Have an outstanding week with your camera in hand.
1:27pm • #3
982,812 Points 56 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Kwee, always interesting to see the fees and inspections required in different states!    Our closing costs are much less!
6:13pm • #4
AUG
22
920,651 Points 39 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Kwee - a great list of what the seller in Florida needs to know. I always give them an estimated net sheet when we meet.
4:40am • #5
899,081 Points 51 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

You're the bomb! This is great information. I need to do one of these posts! 
8:58pm • #6
AUG
23
1,132,106 Points 74 Featured Posts

Kwee, This is such a helpful list you've compiled for sellers and also what they should know is to just bring their checkbook with lots of money! 
3:17am • #7
615,187 Points 21 Featured Posts Outside Blog Called Shot Master

Hello,

This is such good information. I find myself going through the list from escrow and the net sheet i prepare and explaining every line. Sellers and Buyers need to know what they are paying for and as a Realtor, we should always be glad to explain it. Your post is very informative.
7:45pm • #8
AUG
24
920,651 Points 39 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Hi Kwee - just stopping by again to say Hello. Are you coming to the meet up on Wednesday?
5:55am • #9
1,174,507 Points 29 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Kwee that is a list that will be very helpful to many sellers.   Sellers like to know what to expect and this list provide them with the info.
10:19pm • #10
AUG
25
422,518 Points 2 Featured Posts Outside Blog Called Shot Master

Kwee,

            Great information, people who not sold or bought a house in 15 years have no idea what is going on. I had this man tell me he had bought x number of homes and that when a loan officer told you you were done then that it was it you got a loan; I had to explain to him that what the loan officer meant is his children were done with the loan app and that. I asked how long did you buy this he told me 15 years I told him that market has changed and that things were different now. Good post!
1:40pm • #11
494,607 Points 5 Featured Posts Outside Blog Called Shot Master

Hi to all, thanks for your comments and support. I do my best to provide useful information for the consumers.
7:12pm • #12


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Kwee Huset® Venice Florida Homes For Sale (Kwee Huset Realty) Rainmaker_large

Kwee Huset® Venice Florida Homes For Sale

Venice, FL

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Kwee Huset Realty

Address: 1301 Poplar Av , Venice, FL, 34285

Office Phone: (941) 716-3090

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I love helping people find or sell real estate anywhere in the Venice Florida area.
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