Explanation of Costs
Listed below is a brief explanation of costs that are typically paid by the seller.
The fees listed on this page are only estimates and are not guaranteed to be accurate. You should contact the title company for the actual costs.
Doc Stamps: This is a tax imposed on certain documents executed, delivered, or recorded. This includes documents that transfer an interest in real property, such as deeds and written obligations to pay money, such as promissory notes and mortgages. The cost for doc stamps for a deed is $0.70 per $100. The cost for the sale of a $100,000 home would be $700.
Property Taxes: Property taxes are paid in arrears so the seller will credit the buyer at closing for the taxes from January 1st to the day prior to closing.
Closing Fee: Fee for processing title, coordinating closing, preparing closing statement, etc. This fee varies, however is typically $250 to $750 for the seller.
Title Insurance: This protects real estate owners against loss or damage occurring from liens, encumbrances or defects in the title or actual ownership of a property. The seller typically pays for the owners policy and the buyer pays for the lender's policy. The seller's costs are calculated as follows; Price up to $100,000 / 1,000 x $5.75. Any amount over $100,000 / 1,000 x $5.00. Example $200,000 price would be $1,075.
Municipal Lien/Permit Search: This is research to discover unrecorded municipal liens, code violations, special assessments, utility, and open or expired permits that are associated with residential or commercial real estate. Typically cost around $150 to $200.
Commission: The real estate commission charged by Port St Lucie Realty is 5% of the sale price.
Other: Enter any additional fees seller agrees to pay, such as some of the buyer's closing costs, home warranty, etc.