Hi, I’m An Flamand, Broker at Orlando Vacation Realty. One of the questions I got today was – Are there any additional fees I will need to pay at closing?
Yes, the buyer is typically responsible for paying the title search, insurance, legal fees and recording fees. This amounts to an additional 1% to 2.25% of the total cost of the transaction. On a $300,000 house, that amounts to $3,000 to $6,000. That should cover your actual closing fees.
I hope this helped. If you have any other questions, email me at [mail_to email=”An@OrlandoVacationRealty.com”]An@OrlandoVacationRealty.com[/mail_to].