Closing Cost Guide For Buyers:
Certain closing fees are negotiable and vary based on location. However, title and closing services are traditionally shared by both buyer and seller.
Here is Florida, the costs below are how the fees are normally split:
Costs To Be Paid By Seller:
- Documentary stamp taxes and surtax on deed, if any
- Owner’s Policy and Charges
- Title search charges
- Municipal lien search
- HOA/Condominium Association estoppel fees
- Recording and other fees needed to cure title
- Seller’s attorneys’ fees
Costs To Be Paid By Buyer:
- Taxes and recording fees on notes and mortgages
- Recording fees for deed and financing statements
- Owner’s Policy and Charges
- Survey (and elevation certification, if required)
- Lender’s title policy and endorsements
- HOA/Condominium Association application/transfer fees
- Municipal lien search
- Loan expenses
- Appraisal fees
- Buyer’s Inspections
- Buyer’s attorneys’ fees
- All property related insurance
- Owner’s Policy Premium
Remember to stop by tomorrow for Part 4! If you've missed the first two parts, you can find them here:
Closing Costs for Buyers : Part 1
Closing Costs for Buyers : Part 2
Closing Costs for Buyers : Part 3
Closing Costs for Buyers : Part 4
Amanda McNew
(772) 663-2823
amanda@movetovero.com
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