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What is the estimated closing cost on a condo in orlando that cost $17,000 and you are paying cash?

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February 02 2011 - Orlando
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Closing costs should be no more than paying a small settlement fee of $300 (if that). Make sure when you negotiate your deal to have the seller pay the title costs. Contacting your local title company is best. If you need assistance,please let me know and I can obtain a quote for you.
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February 02 2011
Title Fees may range from $300 to $500.  Aside from that, you may choose to pay for an insurance policy at closing which could cost $500.  Your Realtor's office may charge a transaction fee which could be in the $200 to $300 range.  It sounds like you are buying a foreclosure.  Some banks don't pay for title insurance which could cost you a little extra so your closing costs depend on many factors but if you plan for $500, you should be safe. Good luck with your new home!
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March 01 2011
There can also be misc. fees, like courier fees if it is a mail-away closing.  Also, don't forget that with a condo, the association may require a couple of months of condo fee as a prepaid cost.  If this is a bank-owned property, keep in mind that some banks will not pay for the owner's title policy.
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February 03 2011
Contact a title company if you are not working with a realtor.  Most of the cost of settlement are related to the financing.  So if you are paying cash it is generally very low.  It should be around $300 but I am only a realtor and there may be other costs in Orlando that I am not familiar with.  In Florida Title companies handle closings and they are very helpful.   
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February 02 2011
 
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