Upon the sale of real property, additional costs may be required by the buyer and/or seller in the form of Closing Costs. For buyers in South Florida, it can be as much as 2-5% of the purchase price. To name a few, the following is a list of known major Closing Cost items typically charged to the Buyer and/or Seller. Attorney fees, Abstract Charges, Hazard/Flood Insurance, Real Estate Taxes, Settlement Fees, Title Insurance, Prepaid Interest & Escrow, Real Estate Commission,

During a Real Estate Transaction you will be required to sign contracts that might use a bit of industry jargon. Ideally you will consult with your Real Estate Attorney to make sure the contract you're signing is in your best interest. At the minimum you should become familiar with the following terms so you can be more confident with understating and signing at settlement. Appraisal: Process in which a 3rd party called an appraiser, comes in and estimates the value of the pr

The owner's Title Insurance Policy protects you from defects that might exist in the Title prior to the issue date of the policy. Such defects might include the following: 1. Errors in public records 2. Unknown Liens 3. Missing Heirs 4 .Forgeries 5. Survey or boundary issues The insurance pays for the defense of any claim and/or lawsuit attacking the title as insured, and will either clear up the title problems or pay the insured's losses. For a one-time premium, the Owner's