Two of the Largest Title Related Closing Costs

·2 min read
Two of the Largest Title Related Closing Costs

Florida consumers tend to get overwhelmed with trying to figure out the real estate closing costs in a particular transaction.

This is where LegalClose creates transparency and ease for consumers with our closing cost predictor.

However, many consumers will be surprised to learn that outside of sales commissions and loan related charges, the two biggest and most prominent real estate closing costs in Florida are the owner’s title insurance policy and documentary stamp taxes on the deed.

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Both of these closing costs are provided and itemized in the LegalClose closing cost predictor breakdown and vary based upon the purchase/sale price.

All standard Florida form contracts provide that the seller is responsible for the documentary stamp taxes and there is a selection box for the buyer or seller to select and pay for the owner’s title insurance policy (see our other article illustrating why buyer’s are the proper party to select the title agent and pay for the owner’s title policy).

Outside of these two biggest and most prominent closings costs, the other closing costs in sum are typically a fraction of these two biggest closing costs.

For a detailed breakdown of the closing costs in a particular real estate transaction click on the Get Costs button at www.LegalClose.com.

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