Finding the right home at the right price is just one aspect of a real estate transaction. Florida Realty of Miami is seasoned at helping both buyers and sellers when it comes to closings. E-mail or call us today at 305-598-5488 if your needs include a real estate pro experienced in the business side of buying and selling.

Anticipated closing costs

There are certain basic costs linked to closing the sale of a house. These fees are commonly split between the buyer and seller, as noted in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in Florida to help show you through your process.

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

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

Taxes you may be responsible for at closing    (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 hammer out your sale, 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 walk you through the closing costs so you are aware of exactly where your money is going.

Buyers: If you're purchasing real estate in Miami-Dade 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 past experiences and is required to be within a tolerable range so you're not shocked when you arrive at the closing appointment. I'll be willing to go over the GFE with you, answering your questions and highlighting any estimates that are uncertain.

Florida Realty of Miami 9415 S.W. 72 ST. Suite 236 Miami, FL 33173
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