Q: What is the average cost of closing / closing fees for a seller in Florida? A listing agent is charging my mother 2.25%.
Some of the fees a listing agent gave my mother include a title search fee ($125-$195), closing service fee ($375-$850), municipal lien search ($125-$195), and transaction fee ($495), among others. My first question is, why do some of the fees have a range instead of a set price, and my second question is, are all of these fees quite high (as they seem to me)?
A: The listing agent was providing a range of fees, the listing agent is not the person who will be doing this work or charging the fees, short of the transaction fee which some real estate agencies charge on top of their commission. There is a range, since depending on the company the closing agent uses, and the complexity of the transaction, the fees can vary. Normally you do not pick and choose what company to use for each function, it is the company the closing agent usually uses, or if buyer is purchasing with a mortgage, the company the mortgage company usually uses for their transactions. Your mother should consider retaining a transactional real estate attorney to assist her in this matter and protect her interests.
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