Title insurance gives you the protection you need when you buy a home, condominium or any other type of building or event vacant land.  A complete investigation is made on every aspect of the property.  After the investigation, a title insurance policy will protect you in the event that some point has been missed in the public records or someone makes a claim on the title to your property.

Conventional Mortgages

Typical Seller Expenses

1. Real estate commission
2. Real estate administrative fee (if applicable)
3. Search, exam and closing fee**
4. Owner's title insurance policy**
5. Doc stamps on deed $.70 per $100 based on sales price
6. Courier fee (if applicable)
7. Home warranty (if applicable)
8. Taxes prorated to date of closing
9. Payoff existing mortgage(s) and/or liens
10. Miscellaneous expenses

Typical Buyer Expenses

1. Loan origination fee and points*
2. Appraisal fee
3. Credit report
4. Tax service fee*
5. Underwriting fee*
6. Document preparation fee
7. Flood certification fee
8. Prepaid interest (from day of closing to end of current month)*
9. First year PMI (if applicable – Over 80% Loan to Value)
10. First year homeowner's and windstorm or flood insurance premiums (if required)
11. Escrow account for lender to pay real estate taxes and hazard (homeowner's) insurance, PMI (mortgage insurance) (if applicable)
12. Settlement fee
13. Simultaneous issue mortgage (lender) title insurance policy
14. Endorsements to lender's policy (as applicable)
15. Warehouse/notary/courier fee
16. Recording fees for deed and mortgage
17. Doc stamps on mortgage $.35 per $100 based on mortgage amount
18. Intangible tax on mortgage $.002 x mortgage amount
19. Assignment of Mortgage
20. Survey of subject property – standard lot
21. Termite inspection (if applicable)
22. Condominium approval fee and dues (if applicable)
23. Homeowner's association dues and transfer fee (if applicable)
24. Home inspection fees
25. Miscellaneous expenses

Cash Transaction

Seller Expenses

1. Real estate commission
2. Real estate administrative fee (if applicable)
3. Search, exam and closing fee**
4. Owner's title insurance policy**
5. Doc stamps on deed $.70 per $100 based on sales price
6. Courier fee (if applicable)
7. Home warranty (if applicable)
8. Taxes prorated to date of closing
9. Payoff existing mortgage(s) and/or liens
10. Miscellaneous expenses

Buyer Expenses

1. Recording fees for deed
2. Homeowner's association dues and transfer fee (if applicable)
3. Search, exam and closing fee**
4. Condominium approval fee and dues (if applicable)
5. Survey at buyer's options
6. Termite inspection at buyer's option
7. First year homeowner's insurance and flood insurance (if applicable)
8. Home inspection (buyer's option)
9. Miscellaneous expenses

* Please check with lender for these costs and any other charges lender may require. A lender is required to prepare a "Good Faith Estimate" for any costs incurred in connection with a new mortgage.

** Owner's Title Insurance Policy: Owner's title insurance, search, exam and closing fees are based on the county for which the property is located or contractual agreement between both parties. Title insurance cost is mandated by the State of Florida. Check with your Realtor or Lender for details or for a title insurance quote.

NOTE: Actual charges may vary depending on lender and contract requirements. Please refer to your contract and verify costs with your lender.

NOTE: If the buyer obtains an FHA mortgage, Dept. of HUD and VA require the seller to incur certain cost. Please refer to your "Good Faith Estimate" from your lender.

Helpful Closing Tips:

1. Bring cashier's check or wire transfer funds for closing.
2. Bring one legal form of photo identification issued by governmental agency (driver's license or passport).
3. Lenders seldom allow escrows for repairs.
4. Lenders may allow seller to pay buyer's "prepaid items" (negotiable via contract).
5. Lenders seldom allow credits on closing statements such as "lump sum" credits for closing costs or credit for repairs.
6. Realtor or Third party paid items require lender approval and should be noted on contract.
7. Social Security number will be required prior to or after closing.
8. Homestead Property – spouse must join on the deed.
9. Homestead Property – spouse must join on the mortgage.

941-320-3229