Broward County Title Services
Broward County, the second largest county in Florida by population, is also the 17th largest county in the United States. Broward's booming hospitality, boating, financial, and logistics industries make it an incredibly popular place to buy a home or start a business. Of course, if you're purchasing property in Broward County, you'll need an effective and reliable title agency like Florida Title Company to serve as trusted partner to help guide you through the entire closing process.
It's also important to note that in Broward and Miami-Dade Counties, the buyer typically chooses a title company to work with and pays for title services. In contrast, in Palm Beach County, it's typically the property seller's responsibility to choose a title company and pay for title services.
Closing Costs for Broward County
If you're buying property in Broward county, some of the most common closing expenses will include:
Title insurance: set at Florida promulgated rate of $5.75/$1000 for purchases up to $100,000 and $5.00/$100 for purchases larger than $100,000.
Florida Form 9 Endorsement: sometimes known as an FF9, this endorsement, set at 10% of title insurance costs, requires a land survey, and is important to determine any easement or zoning issues that property buyers may not be aware of.
Settlement/closing fee: typically $350 to $400 in Florida, this is an fee charged to the title company to execute the final transaction.
Sale documentary stamp tax: $0.70/$100 of sale price (typically paid for by the seller, but is sometimes paid for buy the buyer).
Financing documentary stamp tax: $0.35/$100 of mortgage (buyers only need to pay this based on the amount of the loan they have taken out).
Intangible tax: an additional $0.20 per $100 due to a county official before the mortgage can be recorded.
TO LEARN MORE ABOUT TITLE INSURANCE AND CLOSING SERVICES IN BROWARD COUNTY, FILL OUT THE FORM BELOW AND A FLORIDA TITLE ATTORNEY WILL GET IN TOUCH.