The following are typical seller expenses, excluding real estate commissions, during the purchase of real property in Florida. The expenses and their exact amount may vary due to the terms set forth in the Purchase Agreement and usually total about 3% of the sales price.

Deed stamps (mandatory state tax) Title Insurance, owner’s policy Title Insurance search fees, etc. Title Endorsements (varies in #) Attorney fee (for closing only) New survey (required by new mortgage) Record existing mortgage payoff Overnight express charges (payoff, etc.) Home Warranty Repairs (as required by Lender or Agreement) WDOR (wood destroying organism report, paid by seller for VA loans) Miscellaneous Lender fees (paid by seller for VA or FHA loans)

$.007 X sales price $5.75 to $6.25 per $1,000 $150 to $200 $25 to $75 each $400 to $500 $300 to $350 $6 to $7 per page $50 to $100  $360 and up unknown until all inspections are done $100 to $150 approx $500 - $700

Existing mortgage interest, calculated from the first day of the month until closing day

Prorations: Property taxes, usually based on the previous year’s assessment, are prorated as of the date of closing. The amount of the current year’s taxes from January 1 until the closing date is deducted from the seller’s closing proceeds. If the taxes have been paid with the mortgage payment through an escrow account the entire escrow account will be refunded to the seller after the existing mortgage is paid off (usually 2 to 6 weeks after closing). Funds in escrow for homeowners’ insurance will also be refunded.

Any association or membership fees will also be prorated at closing. If the seller has paid in advance, a credit for the days after closing will be applied toward the seller’s proceeds.