Glen, Home Buyer in Florida A & M, FL

Hi there is this a good peace of land to buy and if i want to hold onto it for like 10 yaers .regards Glen

Asked by Glen, Florida A & M, FL Mon Nov 22, 2010

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If you want to purchase the property, verify the source of water first in this area as well as what the tap fees will be to hook up your water and sewer, they can be 5 times more expensive then the property itself and at what time they will expect you to pay for these fees if any. I would then check what if any HOA Dues you would be expected to pay yearly as well as taxes on this vacant lot. Taxes on raw land are usually in the area of 33% of the assessed value of the property and should be considered in your carrying cost. Hiring a good Real Estate Broker familiar in this area would help you answer all these questions for you and assist you in the purchase of the lot. Good Luck Glen.
0 votes Thank Flag Link Mon Nov 22, 2010
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