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,