WHAT SHOULD I EXPECT AS A SELLER?

What will the title company need from me?

We as a Title company will do everything to ensure that your property is free of any defects or liens by conducting an extensive title and lien search. As a Seller you will be given the choice to have an attorney represent you during your transaction, however it is not required. We will request your information to order any mortgage payoffs and clear up any title defects. We may also request to see your Previous Owner's Policy, this may help clear any title defects. 

What fee(s) am i responsible for?

The Seller must pay off any open mortgage(s) they have on the property, as well as any judgments or liens that attach to the property. You will also be responsible for commissions paid to the realtors, unless otherwise noted in the contract. A state required seller expense is the Deed Transfer Stamp Tax, this can be calculated by multiplying the Sales Price x .0070; except in Miami-Dade county which is 60 cents for every $100. For More information on this stamp click here. 

It is important to note that every contract is unique. In some cases, you may be responsible for the title search and municipal lien search, this option is very common in Miami-Dade and Broward County. This can be discussed with your realtor and is typically found in Section 9 of an As Is Contract. 

What will I sign at closing?

On the day of the closing you will be signing a Warranty Deed, Bill of Sale, and any Required Affidavits. You will also need to provide instructions for sales proceeds to be given to you, most often this would be wire instructions from your bank.