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Seller Closing Costs

Florida Real Estate Closing Cost

What are the Sellers expenses at closing?
Closing costs are customarily, but not always, divided between the buyer and seller. The list below outlines the expenses at closing for the seller, as follows*:

Seller

  • State Documentary Stamp Tax for Deed of Conveyance – $0.70 per $100.00 of sales price or fraction thereof
  • Assessment Search – $15.00 – $40.00, depending on City
  • Owner’s Title Insurance Policy – Based on the sales price  ($5.75 per $1000) up to $100,000 & $5.00 per$1000 after $100,000
  • Taxes – Current year’s real estate taxes are prorated at closing
  • Title Search, Exam and Closing Fee – Approximately $200.00

* Prices are subject to change without notice

What items are needed at closing?
You will want to have these items complete or in hand when you come to the closing (please confirm with your escrow officer prior to closing):

Seller

  • Seller’s copy of purchase agreement
  • Any unrecorded instruments that affect the title
  • Proof of satisfaction of any mechanics’ liens, chattel mortgages, judgments, or mortgages that were paid prior to the closing
  • Photo identification (passport, driver’s license, or state-issued identification card)

The above figures are not actual and information is for training purposes only, contact one of our 3rd party providers for your actual closing cost.

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Best of Luxury Realty
20900 NE 30th Ave, Suite #414
Aventura, Florida 33180
Phone: 1 (786) 375-5710
Fax: 1 (888) 589-6491
Website: http://www.bestofluxuryrealty.com
Email: info@bestofluxuryrealty.com