This development has a monthly HOA of $275.00. Your extra closing costs will consist of buyers title insurance (approx. $500 - 700), prorated month of HOA if a foreclosure or regular sale, prorated contents insurance ($200 - $400), filing fees ($50 - 150). Home inspection should be done within first 7 days of contract execution ($200 - $375). If this unit is a short sale then you could be on the cuff for additional HOA dues, attorney fees, interest and assessments.
You should have a buyers agent to help you through all of this. This is our job and you don't pay our commission, the seller or seller's bank does. Let me know if you need further assistance. You can also find the entire FL Gulfcoast MLS on the link below. The system will send you daily updates as well.
Sarah Garrett, Realtor
ALLIANCE REALTY GROUP
"Chosen Best in Client Satisfaction 2006-2010" By Gulfshore Life Magazine
RE/MAX Realty Group
Call a Title Company in Florida, and ask for a proposed HUD-1 settlement statement to get an idea of the cost's of paying cash for a condo or home in Florida.
But remember! We have no income tax!