Cash buyer what are the closing cost?

Asked by nene20484, New York, NY Thu Feb 21, 2013

home sale for 137,000 what is the buyers responsible for closing?

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Ryan Kessell’s answer
Ryan Kessell, Agent, Land O Lakes, FL
Thu Feb 21, 2013
This will vary from property to property.
In this region of Florida, the seller normally selects the title company and pays the majority of the closing fees. If the property is located in community with a HOA “Homeowner’s Association”, there could be a transfer or initiation fee.

When I represent a buyer, I contact the title company and request a estimated closing statement called a HUD1. This will break down all the fees associated with closing and show what fees are being paid by each party.

Hopefully this helps :)

Thank you,

Ryan Kessell, REALTOR®
Certified Distressed Property Expert®

Phone: (813)786-4252
Fax: (727)230-7517

Charles Rutenberg Realty
1545 S. Belcher Rd.
Clearwater, FL 33764
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