There are many variables associated with costs actually charged in a real estate closing. For instance, a cash deal can be much easier to close than one involving mortgage financing onthe part of the buyer. Refinances are often treated much the same as the sale of property eventhough the seller and buyer are the same. Some closings, involve out-of-state sellers and/orbuyers where the closing documents are executed and sent back, via US Mail or overnightshipping (FEDEX). These closings are commonly referred to as “mail-aways”. Although manycosts associated with closings are similar, determining exact costs can only be computed bydiscussing the specifics of your closing with a title closing agent.

Recording Fees: Each closing will incur charges for recording of documents, doc stamps, andintangible taxes, which are based on the number of document pages to be recorded or the salesprice, etc. These charges are best determined at the time of closing.

Property Taxes: Usually prorated between seller and buyer.

Miscellaneous Charges: Charges such as homeowner association fees, condominium fees,homeowner and/or flood insurance premiums, survey reports, termite inspections, etc. will becharged and show on the settlement statement. These charges vary by property and are bestdetermined by your title agent prior to closing.

Closing Costs: These are all of the costs incurred by the title agency for its administrative work in preparing and closing the transaction. Overnight charges and file processing or storage fees are bundled into one figure referred to as “Closing Costs.” These costs can vary greatly between title agencies, depending on the type of transaction, though most title agencies in the same geographical area will charge similar rates for their services.

Please call Seminole Title Company at 727-392-5906 and
we will be happy to quote your closing.