Brevard MLS Closing Cost

Who pays for which expenses at closing? when buying a home from the MLS.

Brevard MLS Closing costs are customarily, but not always, divided between the buyer and seller, as follows*:

Buyer - [ get a free estimate on your closing cost ]

Brevard MLS Recording Fees - Record Deed: $6.00 first page, $4.50 each additional page; Record Mortgage: $6.00 first page, $4.50 each additional page
Brevard MLS State Documentary Stamp Tax - $0.35 per $100.00
Intangible Tax on Mortgage - 2 mils per dollar of exact mortgage amount (approx. $2 per thousand)
Brevard MLS Taxes - Current year's real estate taxes are prorated at closing and the Lender usually requires 6 month in advance.
Brevard MLS Termite Inspection - $45.00 - $125.00
Survey - $225 - $350
Lender's Title Insurance Policy - If issued simultaneously with Owner's Policy, $400 to $600 in most cases. (10% of the owner's Policy )
Endorsements to Lender's Policy - If required by Lender, $35.00 and up depending on type of endorsement - add $50 for condos.
Express Mail - If applicable, charged to the appropriate party $25 - $50
Insurance - Get a free insurance quote. This can vary but usually about 6 months in advance is paid at closing. Condos fees that include insurance may not require this to be pre-paid.
Seller

Brevard MLS State Documentary Stamp Tax for Deed of Conveyance - $0.70 per $100.00 of sales price or fraction thereof
Assessment Search - $15.00 - $40.00, depending on City
Owner's Title Insurance Policy - Based on the sales price ($5.75 per $1000) up to $100,000 & $5.00 per$1000 after $100,000
Taxes - Current year's real estate taxes are prorated at closing
Title Search, Exam and Closing Fee - Approximately $200.00
* Prices are subject to change without notice

What items are needed at closing?
You will want to have these items complete or in hand when you come to the closing (please confirm with your escrow officer prior to closing):

Buyer

Buyer's copy of purchase agreement
Cashier's check for amount needed to close
Proof of purchase of insurance for fire, casualty, etc.
Photo identification (passport, driver's license, or state-issued identification card)
Seller

Seller's copy of purchase agreement Brevard MLS
Any unrecorded instruments that affect the title
Proof of satisfaction of any mechanics' liens, chattel mortgages, judgments, or mortgages that were paid prior to the closing
Photo identification (passport, driver's license, or state-issued identification card)
The above figures are not actual and information is for training purposes only, contact Alliance Title for your actual closing cost.