Closings are exciting milestones, but in Florida, they can also be confusing. One major difference? Who pays for title insurance, and who selects the title company. In Miami-Dade and Broward, it's typically the buyer. In Palm Beach, it's usually the seller.
Understanding these local details helps you avoid unnecessary stress. Here are a few common mistakes to watch for when closing on a home in Florida.
Waiting Until the Last Minute to Review Documents
Buyers often miss loan or escrow errors, and sellers can overlook charges that affect their payout.
Tip: Request your Closing Disclosure and settlement statement several days before closing so you have time to review everything carefully.
Underestimating Closing Costs
Closing costs can range from 2% to 5% of the purchase price.
Tip: Ask your title company for an early estimate or use a title quote tool to get a realistic idea of your costs or net proceeds.
Ignoring Wire Fraud Risks
Wire fraud is a growing issue in Florida real estate.
Tip: Always verify wiring instructions directly with your title company using a trusted phone number—not email.
Why Local Expertise Matters
Each county has its quirks—from condo closings in Miami to luxury estates in Palm Beach. Partnering with a local expert like HomePartners Title, which understands the nuances of Florida transactions, can make all the difference in avoiding delays and protecting your investment.
Read the full article on HomePartners Title for more in-depth insights: The Top 5 Mistakes Homebuyers and Sellers Make During a Closing in South Florida
The Keyes Company has a business relationship with HomePartners Title. Because of these relationships, referrals may provide Keyes Company and its owners a financial benefit. You are not required to use the listed provider as a condition for settlement of your loan or the purchase, sale, or refinance of the subject property. For more information, visit keyes.com
