Providing Buyers with an Estimate of Closing Costs

Providing Buyers with an Estimate of Closing Costs

When working with buyers, it’s important to help them understand the financial requirements of their transaction before reaching the closing table. One of the best ways to do this is by requesting a Buyer Closing Cost Sheet from the title company handling the transaction.

Why Use a Buyer Closing Cost Sheet?

A Buyer Closing Cost Sheet provides your client with a clear, itemized breakdown of expenses, including:

  • Title company fees

  • Loan-related costs (if applicable)

  • Prepaid taxes and insurance

  • Government recording and transfer fees

  • Any additional charges associated with closing

This tool helps your buyer:

  • Anticipate all fees and expenses up front

  • Understand their total cash-to-close amount

  • Feel more confident in the homebuying process

Requesting a Buyer Closing Cost Sheet

  • Reach out directly to the title company handling the transaction.

  • Ask them to prepare a Buyer Closing Cost Estimate for your client.

  • Review the sheet with your buyer and answer any questions, so they are fully prepared for closing.

Florida Agents – Turner Title Resources

For agents operating in Florida, our preferred partner Turner Title offers an additional tool:

  • Visit the Turner Title website

  • Click “Net Sheet Now”

  • Use the Seller Net Sheet Calculator to quickly generate estimated proceeds for sellers.

⚠️ Note: This specific calculator is available only to Florida agents. Agents in other states should request closing cost sheets directly from the title company being used in their transaction.

Best Practices for Agents

  • Request early: Ask for the cost sheet at the time of contract (not right before closing).

  • Explain line items: Walk through the fees with your buyer so they understand what each charge covers.

  • Stay proactive: If the buyer’s loan terms change, request an updated cost sheet so the numbers remain accurate.

  • Document everything: Save a copy of the cost sheet in Dotloop for compliance and your client’s reference.


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