Living in Charlotte County Florida

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Typical closing costs on a home in Southwest Florida

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When buying or selling a home people always ask, What are the closing costs?  It is different in every situation.  If you are planning to buy or sell a home, you will want to know what the HUD-1 Settlement Statement is.  It is a form used by the closing agent whether it be a title company or lawyer.  It provides a complete summary of the incoming and outgoing funds for both the buyer and seller in a real estate transaction.  (HUD – U.S. Department of Housing and Urban Development)

The HUD-1 is required in all transactions which involve federally related mortgage loans and even cash closings.  It is required in the United States by the statutes of the Real Estate Settlement Procedures Act or RESPA.  The closing agent should provide a copy of the HUD-1 at least one day prior to the closing so that it can be reviewed by all parties and there is time to correct any discrepancies that may occur. 

Here is a list of the typical expenses involved in selling and buying a home in Southwest Florida.  Not all expenses apply.

Expenses for the Seller

Attorney fees

Owners Title Insurance Policy

Preparation of Deed

State Doc Stamps on Deed

FRIPTA Foreign Investor 10%

Realtor Marketing Fee

Termite Damage Treatment

Structural Damage Repairs

Proration of Real Property Taxes

Proration of Maintenance Fees if HOA

Existing Balance on Mortgage

Expenses for the Buyer

Attorney Fees

Recording Deed


Termite Inspection

Insurance Policy

Mold Inspection

Flood Insurance

Home Inspection

Well Test

Proration of Real Property Taxes

Proration of Maintenance Fees if HOA

Chinese Drywall Inspection


Additional Expenses for Buyer if a Mortgage is obtained

Mortgage Title Insurance

Service Fee or Origination Fee

Doc Stamps on Note

Lender’s Attorney Fees

Appraisal Fee

Assumption fee on existing mortgage

Intangible Tax

Recording Mortgage

Credit Report

Escrow Account (Taxes and Insurance)

Tammy Hayes, Realtor, Sandals Realty, Punta Gorda, FL


Author: tammyhayes

I am a residential realtor serving Charlotte and Sarasota Counties in sunny, southwest Florida. Contact me for all of your real estate needs. I am professional, ethical, informational, and understanding. I will be with you to assist you every step of the way. Whether you are buying or selling a home, I can help.

One thought on “Typical closing costs on a home in Southwest Florida

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