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*:
- 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’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.