Buyer's Estimated Closing Costs (N.E. Florida)
To substantiate the value of the property, the bank will require an appraisal by a licensed appraiser. The fee for this service will vary according to the type of property and the appraiser’s fee structure. Estimate $250 to $500.
Typically, the bank requires a copy of the inspection report. The fee can range from $300 to $500 depending on the inspection company and the size of the house. This is usually paid at time of inspection.
Wood Destroying Organism (WDO) Inspection:
The bank will also require a copy of this inspection. The inspector is looking for any damage to the wood in the house caused by insects or water…