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One of the most common questions we get from people who are thinking about selling their home is how much their closing costs* will be. The following items are typical seller expenses:

·         Documentary Stamps on the Deed—Calculated at 70 Cents per $100.00 of the Selling Price (for example if your home sells for $200,000, the documentary stamps would be $1400.00)

·         Owner’s Title Insurance Policy—The amount varies depending upon the selling price of your home (for example if your home sells for $200,000, the title policy would run $1075.00)

·         Deed Recording Fee—Most title companies charge approx. $10.00 to record the deed.

·         Real Estate Commission—This may vary somewhat depending upon the circumstances. The average commission being charged by most real estate brokerages in our area is approx. 6% at this time. Keep in mind that the total commission is usually split between the listing and selling brokers and their agents.

·         Settlement Costs—Most Closings in Florida are handled by Title Companies. The settlement costs vary from company to company and usually include a Title Search, Title Exam, and a Closing Fee. Typically these fees range from $250.00 to $500.00 per closing.

Please keep in mind that some of the above fees may be negotiable, and are provided solely as a guideline.  We will be happy to provide you with an individual quote FREE of charge.

*Short Sale and Foreclosure Listings will likely incur very different fees than the above.
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Copyright 2010 | Bruce Kwitny | 38 Suntree Place, Ste. 2, Melbourne, FL  32940 | Phone: 321-508-7209 | RE/MAX Elite | Each Office Independently Owned & Operated