Closing costs when selling
Sellers closing costs are usually negotiated and defined in the purchase and sale agreement agreed upon by the parties.
They are very particular for each case but sellers in Florida usually pay for the following:
- Documentary stamp taxes and surtax on deed.
- Title search charges.
- HOA/condominium association estoppel fees.
- Recording and other fees needed to cure title.
- Sellers attorney’s fees.
- Sellers realtor’s commission.
- Seller’s loan payoff costs.
- Prorated property taxes, homeowner’s association dues and special assessments.
- Any other credits negotiated with the buyers in the contract or agreed upon to buyers after finding issues during a home inspection.
Sellers will see every cost assumed by them on the HUD-1 settlement statement.