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Home Buying in Cape Haze : Real Estate Advice

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Activity 7
Sun May 10, 2015
Diane Christner answered:
Even though this is an older thread, perhaps others will find this information about closing costs useful when purchasing a home or condo in FL.

If you are obtaining a loan when purchasing a home in FL, you can expect to pay the state of FL the following fees at closing -- Doc stamps on the deed at $ .70 per $100 of sales price, Intangible tax on the mortgage at $ .002 x mortgage amount.

Depending on how you word the offer, either you or the seller would be responsible for paying for the title search, exam and title policy (but buyer is responsible for their own lender required endorsements). The title policy is based on price of the home. For example, on a $300,000 home it would be $1575.

You will also be responsible for the recording fees to the county for recording your new mortgage.

Your lender should provide you with a Good Faith Estimate of closing costs. Lender related fees typically include things like: loan origination fees and points, appraisal fees, credit report, tax service fee, underwriting fee, document prep fee, flood certification fee. Some of those are negotiable, some are not -- your agent should be able to help you with that.

Lenders typically want you to pay one year of homeowner's insurance at closing. You will also be required to set up an Escrow Account at closing for property taxes, hazard insurance and if applicable, PMI (private mortgage insurance).

If the property is located within a flood zone, flood insurance will be required as long as you have a mortgage.

Your lender will collect at closing Prepaid Interest (which is calculated on date of closing to end of the current month).

A survey of the property will most likely be required if it's a single family home.

Other costs are optional such as home inspection, termite inspection. Although optional, these inspections can be money well spend, so find a home inspector with both good credentials and a good reputation.

Builders of new construction homes use their own contract forms (vs the standard FAR-BAR used by most FL agents these days) and often have additional fees and charges built into the contract, so read those 50-80 page contracts very carefully.

Both FHA and VA loans have up front fees. Both FHA & VA require the seller to pay certain costs on behalf of the buyer, your lender should explain those to you.

Just before closing your lender should provide a preliminary copy of the actual Settlement Statement, known as the HUD-1 (please note that this will change to a different format in August when new govt regulations go into effect). This will show the final closing numbers for both buyer and seller sides, including the buyer's actual closing costs and cash needed to close.

To sum up, you cannot really say there are average closing costs (especially by zip code) but the above info provides a list of closing costs and/or fees you can expect to see, based on whether you are paying cash or obtaining a mortgage.


Diane Christner, Realtor, GRI, SFR, CNE
Bright Realty
Sarasota, FL
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Sun Feb 22, 2015
Tammy Hayes answered:
Here is a link to a brochure about the canals in Rotonda West.

Tammy Hayes
RE/MAX Palm Realty ... more
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Sun Feb 22, 2015
Tammy Hayes answered:
Listing prices on Albatross range from $19,900 to $39,500 per lot. Recent sold lots were $8,900 and $15,500.

Tammy Hayes
RE/MAX Palm Realty ... more
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Mon Dec 23, 2013
Eileen O'Connor answered:
Hi Ed:

Nature's Way is the address within the Waterside Condominium complex located in Rotonda West, Florida. The entrance to the complex is on Rotonda Boulevard West, on the west side of Rotonda, off of Placida Road.

Hope this helps! If you have any further questions, please feel free to contact me directly. Thanks.
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Fri Apr 5, 2013
Michelle Jakelis answered:
Hi Paul,

I live and work right here in Placida, Florida and would be happy to help you in your search.

Please contact me anytime at 941-962-3072.

I look forward to hearing from you.

Michelle Jakelis
Floridian Realty Services
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Mon Apr 25, 2011
Tammy Hayes answered:
If it is a normal sale and not a short sale or foreclosure, you can usually start at 90% of the asking price and go from there. As a Realtor I would contact the listing agent to see what kind of offers or action has been presented on the home. I would also perform a comparative market analysis on the home to see what homes are selling for that are similar to that home. Here is some information on the Rotonda area. Contact me and I would be happy to help you.

Tammy Hayes, Realtor, Green Lion Realty, Port Charlotte, FL

Rotonda, Florida is an idyllic blend of beautiful canals and desirable communities situated on the Cape Haze Peninsula on the south coast of Florida. These quiet and tranquil communities are definitely off the beaten path, providing ample seclusion, and yet near enough to schools, medical facilities, shopping and entertainment to offer complete convenience.

If you enjoy the water, Rotunda is definitely the place for you to call home with its more than 30 miles of canals. Fishing, boating, swimming and numerous other water sports abound here. Uncrowded beaches are convenient and easy to access, offering spacious expanses of unspoiled white sand for lounging and relaxation. This master-planned community also features easy access golfing, with numerous courses scattered throughout the local area.

There are numerous communities from which to choose in Rotonda; all featuring an array of home styles, including villas, single family residences and carriage houses.

Heights- is a lovely community that offers fantastic access to local golf course and beaches.

Lakes-this golf course community is situated only minutes from world class beaches, fishing and a marina in Boca Grande.

Pebble Beach-this golf course community is situated in an excellent location, only seven short miles from Englewood Beach.

Pinehurst-a tranquil golf course community with its own clubhouse for your convenience.

Sands-this picturesque community is located directly across from South Gulf Cove and features private, quiet streets and sparkling lakes.

Broadmoor-is a private golf course community that is situated near Boca Grande beaches as well as shopping and dining.

Long Meadow-this golf course community features tennis courts and close proximity to fishing, beaches, boating and shopping.

Oakland Hills-if you are looking for convenient access to golf courses, a clubhouse and ample street lining for complete security Oakland Hills may be the right choice for you.

Pine Valley-is one of the most popular and neighborly communities, located within minutes of dining, shopping and other services. Along with a golf course this community also has tennis courts.

White Marsh-featuring tennis courts and a clubhouse, this golf course community is the perfect blend of convenience and comfort.
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Thu Nov 29, 2007
Elizabeth Burr answered:
Maybe it is harder to get rid of 4 bedroom than 3 bedroom. No one knows what motivates the seller so if you want a 4 bedroom go for it.
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