Closing Costs

Closing Costs are fees incurred in addition to the purchase price of a home and paid for at the time of the close of any real estate transaction.

In Florida, closing costs are usually paid as stated below, but the purchase contract should have the exact details of who is responsible for which closing cost. Buyers can also request that the seller contribute a certain amount of money toward their closings costs during negotiations.

Typical Seller Paid Closing Costs:

  • Documentary stamp taxes and surtax on deed, if any
  • HOA/Condominium Association estoppel fees
  • Owner’s Policy and Charges
  • Recording and other fees needed to cure title
  • Title search charges
  • Seller’s attorneys’ fees
  • Real Estate Agent Fees

Typical Buyer Paid Closing Costs:

  • Taxes and recording fees on notes and mortgages
  • Loan expenses
  • Recording fees for deed and financing statements
  • Appraisal fees
  • Buyer’s Inspections
  • Survey (and elevation certification, if required)
  • Buyer’s attorneys’ fees
  • Lender’s title policy and endorsements
  • All property related insurance
  • HOA/Condominium Association application/transfer fees