After searching for homes and deciding on the right one, we helped you make an Offer, we negotiated the Offer for you and…your Offer got accepted !
Let’s celebrate ! But…
Possession happens only at Closing. Several steps remain in the way to a smooth Closing. As your Realtor® we will explain the process and guide you through to the Closing Table.
There is a misconception sometimes when a Buyer says: “I made a cash offer and want to close in a week thus don’t want to make any home inspection”…Really?
Home Inspection
Sometimes houses are in good condition, but sometimes they look like are in good condition, and not even the Seller knew that there was some issue with a wall or the water pipes, or other things that are not visually evident to the eye. And if as a Buyer you decide not to do an Inspection, what happens after Closing is that you might discover the issue and it’s too late, you end up paying for the repair.
As your Realtor® we’ll help you identify several inspectors to choose from to do the Home Inspection. If any results required Repair or Remediation, you could opt to tell Seller to do that before Closing or to Credit you with the budget required to fix the issues. But also, you can decide if you at this point don’t want to ask for either and simply accept the house as it is.
Title Company / Real Estate Attorney
The Closing happens in a Real Estate Title Company. Usually, a Title Company is owned by a Real Estate Attorney. It is a good practice to have a Real Estate Attorney to review your Contract for you to understand better the legal part of it.
Closing costs.
State regulators in some states, including Florida, require all companies to charge the same rate for title insurance.
Besides the above, the Florida documentary stamp tax is part of the Closing costs, and it is a real estate transfer tax. The Florida documentary stamp tax is applied at a rate of $0.70 per $100 paid for the property in Collier County and every other Florida county except Miami Dade, where it is $0.60 per $100.
Contact Us to provide you with our Closing Costs Calculator Tool
Final walkthrough
We recommend always the in-person pre-closing walkthrough as a final check to ensure any inspection-related repairs have been made and ensure all contracted items, such as appliances, are still in the home or that furniture not contracted is already out of the house. This is a good practice that will ensure you that you really want to go to Closing…
