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BUYING TIPS | THE CLOSING
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CLOSING THE DEAL


Closing is when ownership is transfered from the seller to the buyer.

This is the most wanted day for both the Seller and the Buyer
If there is not a problem with the financing or with any other document, this is the day you actually purchase the property and become homeowner.

Documents required for the Closing
  • Buyer's copy of purchase contract
  • Proof of purchase of Homeowner Insurance for fire and casualty, flood Insurance if required,
  • Association approval if reqiured
  • Cashier check for the amount needed to close
  • Identification with Picture ( Drivers's License, Pasport, or State ID )

    The closing day and the Closing Costs
    The day of the closing is when you pay your closing costs. The Closing Cost are fees involve with the home sale such as lender processing fees, title company fees for handleing all paperwork, local goverment recording fees, and some other fees incurred in the transaction. Tipically the closing costs are 2% to 5% of the home purcahse price.

    Here is a list of main closing costs:
  • Attorneys fees
  • Title insurance fees
  • Recording of the deed fees
  • Survey
  • Homeowners insurance
  • Flood insurance (If required by lender)
  • Appraisal fee
  • Service fee (Origination fee on any new mortgage)
  • Documentary stamps on new note (Loan/100 * $.35)
  • Intangible tax on new mortgages( Loan * $0.002 )
  • Credit report
  • Recording of new mortgage
  • Set-up escrow account
  • Re-certification of abstract
  • Processing and hadling fees
  • Other fees

    For Buyer Closing Cost Form:

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    Marlen Hernandez
    Phone: 786-752-1814
    REALTORŪ
    Florida Real Estate Licensed

  • Florida Realty of Miami | (305) 598-5488 | 9415 Sunset Dr. Suite 236 Miami, FL 33173

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