Closing Cost Cheat Sheet
What does it all mean?
Closing statements for real estate transactions can sometimes leave you scratching your head wondering what all of those industry-specific words mean for you.
We realize that! And so did the Florida Realtors® Association. That's why they put together this nifty guide to reading the closing statement. Settlement fees, recording fees, transfer fees - it's all explained below.
Of course, if you have questions about your closing statement on closing day, you should ask your Realtor® or the closing/title agency for assistance in explaining what is what. But here's a cheat sheet to get you started.