Don't forget to factor in closing costs when considering a home sale or purchase. Miami New Realty is experienced at aiding both buyers and sellers when it comes to closings. E-mail or call us today at 954 704 4335 if your needs include a professional REALTOR® experienced in the business side of buying and selling.

What closing costs should you expect?

There are certain ordinary fees associated with closing the sale of a house. These fees are commonly split between the buyer and seller, as dictated in the sales contract. Many are universal, but there are nuances to each, so you'll want a real estate expert in Florida to help guide you through the transaction.

Closing costs that are loan-related    (Click here for more information)

  • Points (optional)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
  • Escrow Account

Taxes commonly paid at closing    (Click here for more information)

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance fees due at closing    (Click here for more information)

  • Homeowners Insurance
  • Flood or Quake Insurance (optional)
  • Private Mortgage Insurance (PMI) (optional)
  • Title Insurance

Sellers: As we get through the details of your sale, I'll not only work to get the optimal sales price, but I'll also advocate for reduced closing costs. And once we've reached an agreement, I'll give a detailed list of the closing costs so you know exactly what you're paying for.

Buyers: When purchasing a home in Miami-Dade County, you'll get a "Good Faith Estimate" (GFE) of closing costs within three days of submitting your loan application. The estimate is based on the loan officer's previous experience and is required to be within a suitable range so you're not stunned when you reach closing time. I'll be happy to look through the GFE with you, answering your questions and highlighting any estimates that seem off.