In Florida, both sellers and buyers pay closing costs, but sellers typically pay a larger share—around 8% to 10% of the home’s sale price , while buyers pay about 2% to 5%.
Sellers usually cover:
- Realtor commissions (often the largest closing cost)
- Title fees and title insurance (in most counties)
- Transfer taxes (documentary stamp tax)
- Attorney fees
- Any outstanding mortgage balance payoff.
Buyers typically pay:
- Loan-related fees like mortgage origination, appraisal, credit report fees
- Home inspection and termite inspection
- Survey fees
- Recording fees
- Prepaid property taxes and insurance
- Title insurance (in a few counties like Miami-Dade, Broward).
The allocation of who pays what can be negotiable depending on the deal and local customs, but sellers generally bear more of the closing cost burden in Florida. Cash buyers may pay significantly lower closing costs since they avoid lender fees.
