Palm Coast, FL asked in Real Estate Law for Florida

Q: We are selling our home for cash. What fees is each party responsible to pay? We live in Florida

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3 Lawyer Answers

Jennifer Isaksen

Answered
  • Bushnell, FL
  • Licensed in Florida

A: Couldn't say for sure without knowing the purchase price and terms of Contract. Typically, the seller pays the doc stamps for recording the deed and the buyer and seller split the closing costs. If there is title insurance, the seller would pay for the owner's policy and the title search. It would be best if you had a real estate attorney to handle the closing for you to be sure you have the correct forms and each side pays the correct amount.

Roberto F. Fleitas III

PREMIUM
Answered
  • Miami, FL
  • Licensed in Florida

A: The contract determines what closing costs are paid by each party to the transaction. Having said that, typically, as a seller, you should expect to pay real estate commissions. You should also expect to pay documentary stamp taxes on the deed. You will also be required to pay for the title search and any cost related to correcting title defects.

Please visit our website at: https://www.fleitaslaw.com for more information.

Below you will find a link to a Video FAQ, addressing this very question. "What Costs can I Expect to Pay at the Closing as a Seller?" https://www.fleitaslaw.com/what-costs-can-i-expect-to-pay-at-the-closing-as-a-seller.html

Jonathan A. Klurfeld

Answered
  • Boca Raton, FL
  • Licensed in Florida

A: Way too broad of a question. If you have no realtors you at least need to have an attorney to walk you through the process. Seller typically pays for doc stamps, title search, commissions, etc; whatever the contract calls for.

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