Real Estate Closing Statement Template For Real Estate

State:
Florida
Control #:
FL-CLOSE3
Format:
Word; 
Rich Text
Instant download

Description

This Closing Statement is for a real estate transaction where the transaction is a cash sale or provides for owner financing. This settlement statement is verified and signed by both the seller and the buyer.

How to fill out Florida Closing Statement?

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FAQ

The closing statement, also called a closing disclosure or settlement statement, is essentially a comprehensive list of every expense that either the buyer and seller must pay to complete the purchase of a home (or whatever the property is).

Hear this out loud PauseThe closing statement typically lists fees in two columns, one detailing the buyer's expenses and one detailing the seller's expenses. The amount of cash the buyer must give the seller has its own entry at the bottom of the document.

Hear this out loud PauseThe closing statement includes information related to the cost of buying or selling a home. The form can also include details of the property itself. What's included on your closing statement can depend on whether you're the buyer or the seller. Property details.

Hear this out loud PauseThe settlement statement should clearly show the charges and credits for both the buyer and the seller. You should calculate and itemize the amounts for each category, such as the purchase price, earnest money deposit, loan fees, title fees, recording fees, transfer taxes, commissions, prorations, and adjustments.

Hear this out loud PauseThe closing agent draws this document up to give both the seller and the buyer details on all fees that are in the transaction. Standard items added to this statement include loan fees, related costs, advanced PMI payments, homeowners insurance, agent commissions, loan settlement amounts and purchase price information.

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Real Estate Closing Statement Template For Real Estate