There are a number of costs that factor into a typical real estate closing in the state of Florida. The list below describes the most prominent costs – please note there may be others as well so you will want to review your estimated closing statement before you agree to a purchase contract.
Documentary Stamp Tax is levied at the rate of $.70 per $100 (or portion thereof) on documents that transfer ownership or interest in Florida real property. Documentary stamp taxes must be paid at time of recording. To determine the tax take The Sale Price X .007 =$ for tax owed.
Call your At The Beach Team Listing Agent to discuss any closing cost questions today.