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Charges At Closing
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Real Estate Closing Costs in Florida

Closing costs are fees incurred by the buyer and seller when real estate is transferred from one owner to the next. A buyer should receive a Truth-in-Lending disclosure from their lender when the loan process has begun. The Truth-in-Lending disclosure outlines the closing costs. You should review the disclosure with your attorney or settlement agent as soon as you receive it.

Buyer Closing Costs

Some closing costs for the buyer of a home are paid before the closing. The majority of the costs paid at the actual closing and is issued by the lender and are calculated based on the amount of the mortgage loan.

Common Buyer Pre-Closing Costs

  • Inspection fees
    • Home and property
    • Pest
    • Septic
  • Stucco
    • Lender fees
  • Credit report
  • Loan Application
    • Survey

Common Buyer Closing Costs

  • Appraisal
  • Attorney or settlement agent fee
  • Delivery charges
  • Document preparation
  • Document stamps tax
  • Flood insurance
  • Homeowner's insurance
  • Homeowner's warranty
  • Intangible taxes paid to state of Florida
  • Loan origination and discount fee
  • New construction fees
  • Prepaid interest
  • Settlement fee
  • Tax service fee
  • Taxes and homeowner association fees - escrowed and prorated
  • Title insurance and examination fee
  • Underwriting fee

Seller Closing Costs

The seller assumes less closing expenses because they are not taking out a mortgage loan. If there is enough equity at the time of the sale, the seller's closing costs can be deducted from the proceeds they will receive at closing.

Common Seller Closing Costs

  • Attorney or settlement agent fee
  • Credit to the buyer (if any)
  • Delivery charges
  • Document stamps tax
  • Home equity line of credit pay-off
  • Mortgage pay-off
  • Owner's title insurance and title search
  • Real estate commission and broker service fee
  • Recording fees
  • Taxes and homeowner association fees - prorated
  • Transfer taxes

This list of real estate closing costs has been prepared by the Tampa real estate attorneys of Fuentes & Kreischer, PA, 813-933-6647, www.fklaw.net.