Closing costs you should expect

There are certain typical expenses linked to closing the sale of a home. These expenses are usually split between the buyer and seller, as spelled out in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in Florida to help direct you through the deal.

Loan-related closing costs    (Click here for more information)

• Points (optional)
• Appraisal Fee
• Credit Report
• Interest Payment
• Escrow Account

At closing, the following taxes are usually paid    (Click here for more information)

• Property Taxes
• Transfer Taxes and Recording Fees

Insurance fees due at closing    (Click here for more information)

• Homeowners Insurance
• Flood or Quake Insurance (optional)
• Private Mortgage Insurance (PMI) (optional)
• Title Insurance

Sellers: As we get through the details of your sale, not only will I work to get the optimal sales price, but I'll also advocate for limited closing costs. And once we've reached an agreement, I'll fully explain the closing costs so you know exactly where your money is going.

Buyers: If you are buying a home in Fort Lauderdale, you will get a "Loan Estimate" (LE) of closing costs within three days of submitting your loan application and a "Closing Disclosure" no fewer than three days prior to closing. These estimates are based on the loan officer's previous experience and are required to be within an appropriate range so you're not startled when you come to the closing appointment. I'll be willing to look through the estimate with you, answering your questions and highlighting any estimates that are uncertain.