Home Selling in 33705>Question Details

Bj, Home Buyer in Saint Petersburg, FL

I am selling a home in St Petersburg, florida. What are the sellers closing costs?

Asked by Bj, Saint Petersburg, FL Sat Mar 2, 2013

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Anthony Pallazola’s answer
Hello BJ,
if you could provide us with the approximate list pricewe will send you a closing statement for your review. Will you be selling on your own or using a Realtor? Are you on the water or inland? If you could give us a little information we can help you out.
Luxurybeachfl@gmail.com or 727-647-2009 ask for Anthony.
Thank you.
0 votes Thank Flag Link Mon Mar 4, 2013
For instance, Total costs to a seller of a $70,000 condo NOT including broker's commission was $1,462. This was a cash purchase so the buyer paid $168.50 at closing. That said you still are not going to know what your costs will be. Some fees are determined by a percentage of the sale price. Buyers closing costs for financing can vary depending on the lender. For specifics to your house and your contract: Ask your Realtor for an estimated HUD Statement which will not only let you know what the costs are but the breakdown of the costs. There are many possible fees at closing. Avoid surprises and be sure to read the contract thoroughly.
0 votes Thank Flag Link Thu Apr 18, 2013

Closing costs are not "etched in stone" but in our area, they usually consist of the real estate commission, Documentary Stamps on the Deed, Title Insurance (showing the property is free and clear of any liens or judgments). There may be also a city lien search, pro-rations of taxes, etc

Buyers may ask for additional closing costs of theirs to be paid by the seller. There could also be repairs or termite issues that might need to be dealt with.

Some Real Estate companies charge both the buyer and seller a "processing or transaction fee" along with their commission so you need to be aware that not all companies have that particular charge.

Each contract (both the listing and sales contracts) will spell out costs for the buyer and seller so each offer needs to be scrutinized for potential charges.

Last but not least is to choose an agent that has as many years of experience selling real estate.

Regards, JE
0 votes Thank Flag Link Sun Mar 3, 2013

Honestly, your most significant cost may be your commission to your broker so deciding on the right agent is the first step. You need to make sure you have a comfortable, honest relationship with your agent. Does your agent understand your needs and wants for selling? Does your agent have the capabilities to effectively market your property? What marketing reach can you expect in a traditional and internet technology-based campaign?

As other agents have outlined, there are multiple anticipated and sometimes unanticipated costs of selling but deciding on an agent who can guide you through the process, provide quality vendors for any needed services and navigate through negotiations and the sales process, should be your foremost concern.

Like any agent, I can offer net sheets, flyers, etc, but proper pricing, understanding the seller's needs and targeted marketing help my sellers realize realistic goals in a timely manner.

Find real estate news and community events at facebook.com/realestateintampabay or follow me on Twitter @TampaBayBlake.

Anthony Blake Drescher
Smith & Associates Real Estate
330 Beach Dr.
St. Petersburg, FL 33701
0 votes Thank Flag Link Sat Mar 2, 2013

Seller is typically responsible for :
Title insurance
Doc Stamps (state tax on sale)
Pro-ration of property taxes (Jan. 1st to day of closing, closing and forward is Buyer)
Pro-ration of HOA fees if any (beginning of period-month, quarter or annual up to day of closing, day of closing and forward is Buyer-so you might be getting a credit back on this one)
Repair limit on warranted items depending on the contract used- if not an "AS IS"

Your Realtor should do a net sheet to show you what to expect for your bottom line at your list price and with any offers. I feel an informed client makes the best decisions regarding their real estate needs. Let me know if I can be of assistance.


Pam Cohn
Broker Associate, GRI, SFR, NHS
Real Estate Consulting, Marketing & Sales
Prudential Tropical Realty
2539 Countryside Blvd #3 Clearwater, FL 33761
0 votes Thank Flag Link Sat Mar 2, 2013

The seller is normally responcible for the Ttile Policy, Doc stamps and other misc recording fees as well as your portion of the taxes which are prorated.

State Stamps on deed ($7 per $1000 of sales price)
Owners Title Policy ($750 first 100k $5 per each additional $1000)
Real Estate Commisions if you are using a realtor
Prorated Taxes
Courier Fees for esisting mortgage ($50 - $75)

I am working with buyers so feel free to contact me if you like.

Isy Bundziak
Hot Homes Realty, Inc
0 votes Thank Flag Link Sat Mar 2, 2013
Have you talked with your Realtor about the costs?
0 votes Thank Flag Link Sat Mar 2, 2013
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