Closing Costs First Time Buyers 9 Steps to Owning Home

Don't forget to factor in closing costs when considering a home sale or purchase. Downing-Frye Realty is experienced at helping both buyers and sellers when it comes to closings. E-mail or call me today at 239-261-2244 x 650 if your needs include a real estate pro ready for the business side of real estate.


Anticipated closing costs

There are certain basic expenses linked to closing the sale of a house. These expenses are usually split between the buyer and seller, as instructed in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in Florida to help lead you through your process.

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

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

At closing, the following taxes are usually paid    (Click here for more information)

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (Click here for more information)

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

Sellers: As we hammer out your transaction, not only will I work to get the highest sales price, but I'll also campaign for limited closing costs. And once we've arrived at an agreement, I'll describe in detail the closing costs so you are aware of exactly where your money is going.

Buyers: If you are purchasing a home in Collier 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 past experiences and is required to be within a suitable range so you're not astonished when you show up at the closing table. I'll be happy to go over the GFE with you, answering your questions and highlighting any estimates that appear to be out of the ordinary.