I would love to help you find your first home. Please give me a call.
REA/MAX Realty Group
Since you are a cash buyer you will not have to have a termite inspection, appraisal or survey if do not want them.
I am very happy to help you as a buyers agent if you have not chosen someone to work with. The seller pays all my fees so you have no other expenses with working with me. Please check out the website below which will give you access to our Florida Gulf Coast MLS.
Sarah Garrett, Realtor
ALLIANCE REALTY GROUP
"Chosen Best in Client Satisfaction 2006- 2011" by Gulfshore Life Magazine
Web Access to MLS:
I must applaud you for having the capacity to purchase your first home with cash. However, when you use a lender, they often require certain services be performed to ensure that the home is qualified for their loan, but they are not required if you pay cash. I recommend that you perform these services if you are paying cash:
Home Inspection- ($250-$500 depending on tests) termites (WDO), mold, and chinese drywall (if new construction between 2004-2008)
Survey- ($275?) For a single family home if the current owner cannot provide one.
Appraisal- ($300?) Not all Realtors will agree, but a good appraiser may uncover something you missed and save you money in the long run.
The major costs for the buyer in a home purchase are usually related to the loan. If you are paying cash certain additional costs like Title iInsurance, transfer fees, various condo and maintenance fees and prorations may apply. A good realtor can help you estimate all the costs before you make an offer.
I can offer you a FREE guide for first time home buyers, "Your First Home: The Proven Path to Home Ownership" . Request one at the web referenc below.
Good luck on your first home purchase!
Keller Williams Elite Realty
Everything is negotiable. Depending on your contract you could pay zero closing costs or pay more than is typical.
A local Estero Realtor can give you a very good idea of the costs involved based on your price and type of property. Condos have application fees, HOAs may also have Capital Contribution fees, if there is a Community Development District you may owe the current owner a prorated amount if it has been pre-paid with the seller's taxes, State Intagible Taxes, Owners Title Insurance Policy, the list goes on and on.
All the best,
Alma Rose Kee PA
Future Home Realty
I would suggest that at a minimumn, you'll have the following expenses:
Home Inspection, Pest and Termite Inspection, Appraisal (not reuqired but smart to have one done, do not under any circumstances give them a copy of the contract, have the appraiser go in blind for an honest assesment of the value), lawyer or title and abstract company to handle closing, Title insurance (a one time fee) Homeowners insurance. Proration between you and the Seller for property taxes and or HOA fees if any, fuel prorations if any, a survey, recording fees.
Hope this hleps and happy house hunting.
COSTS TO BE PAID BY BUYER:
Taxes and recording fees on notes and mortgages, Recording fees fro deed and financing statements, Owner's Policy and Charges, Survey (and elevation certification, if required), Lender's title policy and endorsements, HOA/Condominium Association application/transfer fees, Loan expenses, Appraisal fees, Buyer's Inspections, Buyer's attorneys' feeds, All property related insurance, and Other (anything else that has been agreed upon in the Sales Contract.
Sounds like a lot and it definitely can be. Some of them might be paid by the buyer OR the seller, depending on how the contract has been written. If you have further questions or would like to discuss any of the above, I'll be happy to help. Just contact me directly.
What does your buyer broker say?
If you don't have an agent and want to enguage my services, we can discuss it.
Otherwise, best of luck.
Southern Premier Realty