I am selling a home in Palm Coast Florida who pays closing cost

This will depend on your negotiations. Some fees are customarily paid by sellers. Some buyers will ask for closing costs as part of the purchase, others will not. The only thing that should really matter is your net after the transaction is over. In other words, if someone offers you $200,000 for your house and another person offers $205,000, but they want you to pay $5,000 in closing costs, you net the same.

Typically in Florida, both buyers and sellers have their own closing costs to pay. For a seller, you will end up paying State Tax based on the selling price, prorated Taxes based on when you close, Title Company closing fees (ranging from $500-$800), and Owner's Title Policy (meant to insure clear title). A number of buyers, especially first time homebuyers, will want to negotiate you paying their closing costs (typically up to 3%) as well as you having to pay Realtor Commission which is typically 6%.

It partly depends on your sales contract, but FL is one of those states where the state fees are pretty stiff for real estate transactions. If you'll email me the specifics I can probably get a preliminary estimate for you or tell you where to look up the info. pdumouchel@primelending.com

Both parties have closing costs associated with the purchase/sale of real property.. and aside from the sale price, it's the most negotiated part of the transaction.. There is no "one way fits all".. each deal is different.. That being said, it's typical in a "buyers market" that the seller will contribute 3% towards the buyers closing costs in addition to paying their own closing costs.. in a "Sellers Market", the price for the home is usually bid above the sale price, and the buyer wont ask for costs to be paid.. I'm not from Florida, so I'm un familiar with what the market is doing, but based on how hard the area got hit in valuations during the mortgage crisis, I would say your still in a "buyers market", and your going to be asked to pay the buyers closing costs.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com