The Cherry Group is often asked as your Coconut Grove real estate experts what are the common closing costs customarily incurred by the seller. Here they are:
1. State Sales Tax called Doc stamps at 69 cents per $100.00 of the sales price.
2. Pro-rated taxes from January 1 to the date of closing.
3. Satisfaction of liens, special assessments and mortgages.
4. Real Estate commission, usually 6 percent of the sale.
5. Recording fees to clear title, sat. of mortgage, etc. at approximately $7.00 per page.
6. Title Company's fee for preparing your closing documents for about $350.00
Some Coconut Grove sellers offer special incentives to the Selling Realtor as well of an extra point or so. This helps keep the property top-of-mind with co-brokers who are key to getting your home sold.
HAVE A GREAT DAY IN COCONUT GROVE-THE BEST PLACE IN THE WORLD TO LIVE!
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