Real Estate Closings in Tampa – Buyer Closing Costs
Real Estate Closing Costs in Florida
Closing costs are fees incurred by the buyer and seller when real estate is transferred from one owner to the next. A buyer should receive a Truth-in-Lending disclosure from their lender when the loan process has begun. The Truth-in-Lending disclosure outlines the closing costs. You should review the disclosure with your attorney or settlement agent as soon as you receive it.
Buyer Closing Costs
Some closing costs for the buyer of a home are paid before the closing. The majority of the costs paid at the actual closing and is issued by the lender and are calculated based on the amount of the mortgage loan.
Common Buyer Pre-Closing Costs
⢠Inspection fees
o Home and property
o Pest
o Septic
⢠Stucco
o Lender fees
⢠Credit report
⢠Loan Application
o Survey
Common Buyer Closing Costs
⢠Appraisal
⢠Attorney or settlement agent fee
⢠Delivery charges
⢠Document preparation
⢠Document stamps tax
⢠Flood insurance
⢠Homeowner's insurance
⢠Homeowner's warranty
⢠Intangible taxes paid to state of Florida
⢠Loan origination and discount fee
⢠New construction fees
⢠Prepaid interest
⢠Settlement fee
⢠Tax service fee
⢠Taxes and homeowner association fees - escrowed and prorated
⢠Title insurance and examination fee
⢠Underwriting fee
The Tampa real estate lawyers of Fuentes & Kreischer, PA, Phone: 813-579-3039, offer legal suggestions to their current and prospective buyer clients on real estate closing costs.
Tampa Real Estate Lawyer
1407 West Busch Boulevard
Tampa, Florida 33612 (Hillsborough County)