Seller and Buyer Real Estate Representation

3 SW 129th Avenue, Suite 202, Pembroke Pines, FL 33027

954-433-9784

Vigoalaw.com

eugene@vigoalaw.com

Friday, October 21, 2016

Eugene Vigoa, Esq.
CLOSING DISCLOSURE
The seller must be provided with a seller side closing disclosure or settlement statement prior to closing.  When you receive it, make sure that the information is accurate.  For example, double check the commission, if any, and other charges that the seller is paying.  In Broward and Miami-Dade counties, it is customary for the seller to pay for their title search, municipal lien search, estoppel letter, and a settlement fee for preparation of the deed and other seller closing documents, unless the contract says the buyer will pay for it.  
Also, the seller will pay for prorated property taxes and special assessments if any.  Finally, the seller also pays for a documentary tax, or doc stamp.  There may be additional fees the seller will pay depending on the situation.  If you are not sure about a particular fee or charge, don't hesitate to ask the settlement agent to explain it to you.