Don’t forget to factor in closing costs when considering a home sale or purchase. Jeannette Spencer is experienced at helping both buyers and sellers when it comes to closings. E-mail or call us today at 1-850-438-7755 if your needs include a professional REALTOR® ready for the business side of buying and selling.

Expected closing costs

There are certain basic costs linked to closing the sale of a house. These fees are usually 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 show you through your process.

Closing costs that are tied to financing    (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

At closing, these fees are often due    (Click here for more information)

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

Sellers: As we negotiate your transaction, not only will I work to get the very best sales price, but I’ll also campaign for reduced closing costs. And once we’ve come to an agreement, I’ll fully explain the closing costs so you know exactly what you’re paying for.

Buyers: If you’re buying a house in Escambia County, you’ll receive 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 prior experience and is required to be within a reasonable range so you’re not startled when you arrive at closing time. I’ll be glad to review the GFE with you, answering your questions and highlighting any estimates that seem off.