Closing Costs in St Petersburg Florida

There are certain standard costs associated with closing the sale of your St Petersburg Florida home. These fees are split between the buyer and the seller, as spelled out in the sales contract.

As the agent negotiates the sales contract for you, they will not only work to get the sales price you want, they will also work to limit the number of closing costs for which you will be responsible.

We will walk you through the closing costs, answering any questions you may have explaining which costs are decreed by law to be yours and which are negotiable.

Good Faith Estimate

Buyers will receive a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. The estimate is based on the loan officer's past experience and may not include all the closing costs. They will be glad to review the "Good Faith Estimate," answering questions and highlighting missing costs or estimates they believe to be low.

Standard Closing Costs

Loan-Related Costs

· Escrow Account

· Points(optional)

· Credit Report

· Appraisal Fee

· Loan Origination Fee

· Interest Payment

Taxes

· Property Taxes

· Transfer Taxes and Recording Fees

Insurance

· Homeowners Insurance

· Flood or Quake Insurance

· Private Mortgage Insurance (PMI)

· Title Insurance