Don't forget to factor in closing costs when considering a home sale or purchase. Ferrell Realty, Inc. is seasoned at assisting both buyers and sellers when it comes to closings.
E-mail or call me today at 407-628-3200 if your needs include a real estate pro ready for the business side of real estate.

What closing costs should you expect?

There are certain normal expenses related to closing the sale of a house. These fees are commonly split between the buyer and seller, as directed 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 guide you through your deal.

Loan-related closing costs    (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 negotiate your deal, not only will I work to get the very best sales price, but I'll also campaign for lower closing costs. And once we've arrived at an agreement, I'll fully clarify the closing costs so you know exactly where your money is going.

Buyers: If you're buying a house in Central Florida, you will be given 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 an acceptable range so you're not shocked when you come to closing time. I'll be happy to go over the GFE with you, answering your questions and highlighting any estimates that seem questionable.

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