Closing Costs Estimated costs to the buyer:
1. Intangible Tax for the loan amount
   ( .002 x loan amount )
 example $300,000 loan  x .002= $600.00
2.  Documentary Stamps
   ( .0035 x loan amount)
  example $ 300,000 loan x .0035= $1050.00
Other costs may include but are not limited to: Recording the loan, attorneys fees, survey. hazard/flood insurance, inspection cost, appraisal fee, proration of maintenance fee/homeowners fees, settlement fee, termite report, mortgage title insurance, and insurance prepayment.
Closing Costs Estimated costs to the seller:
1.  Brokers fee 6% or 7%
2.  Documentary Stamps on deed 7/1000 ( at $400,000 would run  $2,800 )
3.  Title Insurance premium ( at $ 400,000 would run $ 2,200 +- )
Other costs may include, settlement fee, title search, title insurance binder, recording fee,special assessments.

Check list before closing for buyer and seller.

Utitlites-
sprint  800-339-1811
Lee county electric, 239-995-2121
Island water association 239-472-1502
Sanibel Sewage 239-472-1008
Garbage  " Waste Pro"  239-332-8500
Cable TV Comcast  239-432-9277

Important items to check prior to closing:Home inspection repairs completed Buyer given paid receipts on repairs.2. Survey, 3. Condo consent to transfer 4. closing funds- need wiring instructions from title company.- buyer and seller need photo ID for closing, buyer given security codes, keys, mailbox keys, phone numbers of key vendors.
Other items- date, time and location of closing. If mail-away will need to turn around the closing package in one day..HAVE A NOTORY READY FOR YOU! Thanks
Glenn- please phone me with any questions- 239-850-9296