Page 19 - Gabriela Laver Sellers Guide 2023

Estimated Closing Costs

Costs on the Sale of a property:

State Conveyance Tax .75% of sale price below $800,000
1.25% of sale price above $800,000
Local Conveyance Tax .25% of sale price
Realtor’s Fee 5-6% (negotiable)
Attorney’s Fee $1,500 +/-
Recording Fee - Release $10 (1 page) - $15 (2 page)
Real Estate Taxes Unpaid Balance
Mortgage Payoff Unpaid Balance

Costs on the Purchase of a property:

Lender Fees: application, appraisal $200-500
Attorney Fee $1.500 +/-
Title Search $100-200
Title Insurance $325 per $100,000
Recording Fee $10 (1 page) - $15 (2 page)
Tax Escrow (usually 6 months) Determined by the lender
Tax Adjustment Buyer pays pre-paid Real Estate taxes
Interest Adjustment Prorated from closing date to end of month
Utilities (oil, gas, water) varies M
Common charges (condo) varies
Association Fees (beach rights) varies
Insurance varies UE TEA

Costs on Various Inspections:

General Building Inspection $800 +/- based on square footage RBL
Water Test $135 +/-
Lead Test $300+/-
Radon $145 +/- NDE
Radon Mitigation System $1,300
Septic Dye Test Included in most inspections A
Septic Cleaning & Inspection $250-350
Asbestos Check $300-375
Termite $250 THE V

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