What are the seller closing costs?
Updated: Jan 13
Take into account the title costs
The Seller generally will pay:
1. Owner's title insurance premium;
2. Real estate agent's commission;
3. Escrow fee, one half;
4. Any loan fees required by Buyer's lender per contract;
4. All loans in Seller's name (unless existing loan balance is being assumed by Buyer);
6. Interest accrued on loan being paid off, statement fees, reconveyance fees, and any prepayment penalties;
7. Termite inspection and any termite repairs per contract;
8. Home warranty premium per contract;
9. Homeowner's Association transfer fee, one half;
10. Any judgments, tax liens, etc., against the Seller;
11. Recording charges to clear all documents of record against Seller;
12. Property taxes: pro-rated to date title is transferred plus any delinquent taxes;
13. Any unpaid Homeowner's Association dues;
14. and Any bonds or assessments per contract
Remember, the expenses listed above are typical but may not be all-inclusive. Depending on the details of your home sale, you may have additional paperwork to sign or fees to pay. Fortunately, this is one area where your title agent can assist you.
Our quotes are precise and prompt.
Title Experts of South Florida have convenient locations in Pembroke Pines and Fort Lauderdale ready to serve you with any questions with the selling of your real estate property.
Reach out to us for a free quote.