Home Buying in 34758>Question Details

Bill Broyles, Home Buyer in Kissimmee, FL

for the state of flordia, what expenses are normally paid by the seller and what are paid by the buyer. thanks billbroyles@hotmail.com

Asked by Bill Broyles, Kissimmee, FL Mon Feb 14, 2011

Help the community by answering this question:


Hi Bill,

Must admit I am amazed by a couple of these answers. In Florida all Realtors use the same contract approved by the Florida Realtors and The Florida Bar Association. While everything is negoatiable, these costs rarely are negotiated. Here you are:

Closing Costs in a Standard Florida Contract


Documentary stamp taxes and surtax on deed
HOA/Condominium Association estoppel fees
Recording and other fees needed to cure title
Full amount of all liens imposed by a public body
Seller’s attorneys’ fees
Commissions and fees Seller has agreed to pay a real estate broker


HOA/Condominium Association application/transfer fees
Buyer’s Inspections
All property related insurance
Buyer’s attorneys’ fees
Recording fees for deed and financing statements
Commissions and fees Buyer has agreed to pay a real estate broker

Loan expenses
Taxes and recording fees on notes and mortgage
Lender’s title policy and endorsements
Appraisal fees
Survey (Seller to provide a copy if Seller already has one)


Owner’s Title Insurance Policy and Charges
Special Assessments imposed by a public body
Home Warranty


Real Estate taxes (including CDD assessments, if any)
Association fees
Other expenses of the property

Hope that was useful.

Good luck, Mark
1 vote Thank Flag Link Thu Feb 17, 2011
Besides what Bill says, who customarily pays certain fees varies by county.
0 votes Thank Flag Link Fri Feb 22, 2013
Also if you're buying a Freddie Mac HomeSteps property the buyer will get stuck with the Doc Stamps on the Deed and it's fully disclosed in the Freddie Mac addendum.

On HUD owned homes HUD pays ZERO closing costs (even the ones customarily paid by a Seller) so you can put an exact amount (no greater than 3% of the sale price) into your bid or you will have higher than normal closing costs. HUD owned homes will allow a buyer getting an FHA to put as little as $100 down so it should work out to be less than the 3.5% FHA downpayment -- even if paying the Seller's closing costs.
0 votes Thank Flag Link Fri Feb 22, 2013
I have a neat little worksheet with those specifics, if you would like I could email it to you. The list itemization is a little long for this blog. Here is a snapshot from one local Miami Beach Attorney.... and Title Company


0 votes Thank Flag Link Wed Feb 16, 2011

This unfortunately can be a property specific question. The norm varies depeding on the type of sale and whether financing or cash is being used. The property you are offering should have a the information up front so you know what will appear on the HUD. Make sure you ask your agent this question prior to submitting the offer. You would hate to have your offer accepted if you had to pay doc stamps on the deed and other misc. costs.

As has been mentioned below in typical fashion seller pays taxes and HOA fee's up until the purchase date as well as the estoppel and the Realtors commission. Also any back encumbrances are paid by the seller unless they were previously disclosed and made part of the purchase. Title policy and insurance is paid by the buyer, the remainder of the taxes after the purchase and sometimes there other fees associated with utilities that are paid for by the buyer.

Hope this helps, feel free to contact me with any questions!

Jeramie Vaine
Web Reference: http://www.jeramievaine.com
0 votes Thank Flag Link Tue Feb 15, 2011
Hi Bill:

There are several items that can be negotiated in the contract, such as who pays for Title search, exam and close. So that will depend on the contract and can be either...actually pretty much everything can be negotiated. However, traditionally you will see that the buyer is responsible for his loan expenses, doc stamps on the loan, home inspection, hazzard insurance, HOA application.

Seller is usually responsible for taxes, etc. up to the date of closing, estoppel letter from the HOA, the commissions expenses and paying off their loan.

If it is a short sale and the buyer is not paying off a loan, their expenses are then picked up by the bank.

Like I said, it is all pretty negotiable...you will even see the buyers loan expense picked up by the seller in the case of FHA for example.

Just check your contract, and if you want any ahead info on a property you are purchasing, get specific information from your realtor and/or title company.

Best of luck!

Debbie Albert, PA
Keller Williams of the Treasure Coast
Web Reference: http://www.ronanddebbie.net
0 votes Thank Flag Link Mon Feb 14, 2011
Hi Bill. It actually depends on the area of Florida. But normally the seller pays:

1. Documentary tax. This is a State tax on the deed and is .70 cents per $100. Or $700 on a $100,000 sale.
2. Real Estate Commission. Negotiable
3. Title Insurance and search. About $1,100 on a $100,000 sale.

Buyer buyers pays for all inspections and anything related to their mortgage. Your mortgage broker or loan officer is required to give you a good faith estimate of these costs once you make mortgage application.

Let me know if we can assist you any further.
0 votes Thank Flag Link Mon Feb 14, 2011
it varies from county to county. For example in Lee County (Ft Myers) the seller pays title, in Collier (naples) the buyer pays.
0 votes Thank Flag Link Mon Feb 14, 2011
Both parties have expenses your mortgage broker, buyers agent and title company can detail all the info. for full understanding.

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
0 votes Thank Flag Link Mon Feb 14, 2011
Hi Bill,

I have a neat little worksheet with those specifics, if you would like I could email it to you. The list itemization is a little long for this blog.


Web Reference: http://www.devivorealty.com
0 votes Thank Flag Link Mon Feb 14, 2011
In Tampa Bay, the Seller (unless it is a new home builder) normally pays the document stamps on the deed (.007 x sale price), title insurance policy, property taxes up to the day before closing, realtor commissions and plan on about $500 closing fees.
0 votes Thank Flag Link Mon Feb 14, 2011
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