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Pierce & Associates, P.L.
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(888) 316-9923
(407) 982-7228
800 N. Fern Creek Avenue
Orlando, FL 32803
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Orlando, Florida Real Estate Closing Lawyer

Representation at Real Estate Closings for Sellers, Buyers and First-Time Home Buyers

legal advice on real estate closings

When you’re buying or selling a house, condominium, or townhouse, the closing is the event in which weeks and months of applications, improvements, and other preparations culminate in a final transfer of property ownership.

What Buyers and Sellers Should Expect at a Florida Real Estate Closing
The closing is the official meeting in which ownership of a house or property is officially transferred from the seller to the buyer.

For this transaction, attendees should include the buyer (with his or her attorney), seller (with legal representation), both real estate sales professionals (licensed realtors or brokers), and the closing agent. During the meeting, the parties present settle any open issues, balance and verify the closing statement, and then sign all documents necessary to complete the transaction. An attorney with experience in closing real estate transactions will advise you throughout the process to ensure that your rights are fully protected.

Closing Costs for the Sale of a Florida Home
Closing costs are one of the least-understood aspects of the home purchase procedure. Although a good closer takes the time to walk a buyer through the numbers, an experienced attorney like Jerry Pierce at Pierce & Associates, P.L. will provide additional insight and verify that the costs are being appropriately allocated between the buyer and the seller.

Mr. Pierce is an attorney with more than forty years of experience in Florida real estate, and he is also a Florida licensed real estate broker. As a veteran of the closing process, he can thoroughly review your documents and ensure your interests are protected throughout the sale.

In Florida closing costs vary by community, but they generally fall between two and five percent of the home's purchase price and include:

  • Attorney fees
  • Escrow fees
  • Property taxes to cover the period to the closing date
  • Interest from the closing date to one month before the first monthly payment
  • Loan origination fees
  • Recording fees
  • Survey fees
  • Mortgage insurance, if applicable
  • Title insurance, both for the buyer and the lender
  • Loan discount points
  • The first escrow payment for future real estate taxes and insurance
  • Homeowner’s insurance policy payment or receipt
  • Appraisal fees
  • Pest or other specific inspection fees
  • Document preparation fees

What Happens at Closing: Finalizing a Florida Real Estate Transaction
At closing, the buyer normally presents evidence of a paid homeowner’s insurance policy, such as a binder or receipt that shows a paid premium.

The Florida closing agent will verify that insurance coverage exists and that all closing expenses are covered. Once the parties have verified the amounts are correct, they sign the closing statement. The buyer signs the Florida mortgage note and the mortgage, and the seller gives the buyer a title to the property in the form of a signed deed.

The buyer often pays the lender’s closing costs, and the closer provides the buyer and seller with a settlement statement listing all the monetary items. Immediately after closing, the closing agent should record the deed and mortgage.

The buyer typically receives these items during a closing:

  • Settlement statement, itemizing the services provided and the fees charged
  • Truth–in–lending statement
  • Mortgage note
  • Mortgage
  • Sales contract
  • Any required affidavits
  • Copy of the deed
  • Keys to the house

Contact Florida Real Estate Attorney Jerry Pierce About Your Closing
A Florida real estate closing can move very quickly, with both parties discussing and sometimes disagreeing about the numbers that ultimately represent your hard-earned money. Jerry Pierce is an Orlando attorney who is knowledgeable in Florida real estate law, the Orlando law firm of Pierce & Associates, can fully protect your rights.

If you are about to finalize the purchase or sale of a home, townhouse, condo, or piece of land, please contact our office today at (888) 316-9923 or fill out our intake form online. We look forward to helping you take that next step!

DISCLAIMER: This site and any information contained herein are intended for informational purposes only and should not be construed as legal advice. Seek competent legal counsel for advice on any legal matter.

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(888) 316-9923

(407) 982-7228