Florida Closings & Title
Buy, Sell or Refinance with Confidence.
It may not be a requirement to hire a lawyer to close a real estate transaction in Florida; however, it is highly recommended.
Title insurance premiums are based on promulgated rates set by the State of Florida. Therefore, insurance rates offered to consumers are generally the same between title companies and law firms. Hiring a qualified and experienced lawyer to conduct a real estate closing in Florida is always beneficial, and more often the settlement/closing fees charged by a lawyer are less than the rates charged by a title company.
Unlike a title company, a Florida real estate closings and title lawyer can provide in-depth, legal explanations about the important transaction documents you are required to sign, as well as the implications of any potential title issues, defects, encumbrances, and/or restrictions.
In addition, a Florida real estate closings and title lawyer can draft unusual and/or complicated transaction/documents that a title company may not be aware are necessary to complete the closing. An attorney is also able to more effectively work with lenders and banks in satisfying mortgages and/or liens on the subject property in order to prevent any delays in closing/
I am affiliated with Old Republic National Title Insurance Company and Attorneys’ Title Fund Services, LLC (“The Fund”), one the highest rated underwriters in the industry.
Along with providing competitively priced closing/title services, I provide real estate legal services at one low, combined rate. Most often, fees for real estate legal services are paid out of the closing costs, so you do not need to worry about incurring any out-of-pocket expenses.
Behind the Scenes.
There is a lot more that goes into a closing than signing documents.
Closing and Title Services:
Title and Name Searches
Loan Document Review
Title and Document Review
Closing and Escrow Services
Estoppel Request and Review
Recording and Filing Services
- No additional cost In-Home Closings
Traditional, In-Office Closings
Covenant Restriction and Easement Searches
Real Estate Tax Searches
Mortgage Foreclosure Searches
Tax Lien Foreclosure Searches
Mechanic’s Lien Foreclosure Searches
Buyer and Seller Representation
Draft and Review of Purchase and Sale Contracts
Title Opinion Letter
Florida Real Estate Closing FAQs
What is a Real Estate Closing?
What is a Title?
What is a Title Search?
How does Title Insurance work?
How much does Title Insurance cost?
In Florida, the Title Insurance premium is based on promulgated rates and calculated based on the purchase price as follows: up to $100,000 = $5.75 per thousand; over $100,000 = $5.00 per thousand (ex: $100,000 = 575.00; $200,000 = $1,075.00).
Who pays for Title Insurance?
What are the general Closing Cost responsibilities?*
- Title Search
- Closing/Settlement Fee
- Owner’s Title Insurance policy
- Real Estate Sales Commission
- Home Warranty (if offered by Seller)
- Homeowner’s Association Estoppel Fee
- Homeowner’s Association Dues prorated to date of closing
- Taxes – prorated to date of closing
- Doc stamps on Deed
- Lender fees, if applicable and specific charges exist
- Condo/HOA Approval Fee
- Recording Fees (Deed, Condo/HOA Approval)
- Prorate Condo/HOA Charges
- Homeowners Insurance
- Flood Insurance (if applicable)
- Inspection Costs
- Real Property Tax Proration
- Title Services (including loan closing services and Lender’s title insurance)
- Simultaneous Issue Mortgage Title Insurance
- Title Endorsements (including Florida Form 9)
- Loan Discounts or Points
- Doc Stamps on Mortgage
- Intangible Tax on Mortgage
- Escrow (taxes, insurance, condo/HOA fees, mortgage insurance)
- Lender’s Attorneys’ Fees
- Document Preparation
- Appraisal Costs
- Tax Service Fee
- Termite Report
- Credit Report
- Environmental Report
- Flood Certification Fee
*Examples only. Your specific Sales Contract will govern. In Miami-Dade and Broward Counties, title premium is generally a Buyer’s expense; and in Palm Beach County, title premium is generally a Seller’s expense.
Close on your new home without ever having to leave it.
Closing on your real estate transaction has never been easier, or more convenient, than with In-Home Closings.
For Buyers of Florida real estate, at no extra cost, we will close your transaction in the comfort of your new home. Once you sign the necessary closing documents, we will hand you the keys and you can kick back and relax…you’re already home!
If you have a question or just want to connect, get in touch today.