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 on the part of the buyer. Refinances are often treated much the same as the sale of property even though the seller and buyer are the same. Some closings, involve out-of-state sellers and/or buyers where the closing documents are executed and sent back, via US Mail or overnight shipping (FEDEX). These closings are commonly referred to as “mail-aways”. Although many costs associated with closings are similar, determining exact costs can only be computed by discussing the specifics of your closing with a title closing agent.

Owner’s Title Insurance: Normally the biggest single charge for any closing. Title Insurance premiums are established by the State of Florida and are exactly the same throughout the State, regardless of title agency. The rates are based on the sales price of the property, though re-issue rates may apply. Here is the current rate table:

Taxes and Fees: Each closing will incur charges for recording of documents, doc stamps, property taxes (usually prorated between seller and buyer), etc. These charges are best determined at the time of 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.