bodyinbalanc…, Renter in Palm Beach Gardens, FL

what are all the fees of doing thus besides the calcuted monthly mortgage amount?

Asked by bodyinbalance7, Palm Beach Gardens, FL Sat Apr 20, 2013

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Tom Priester, Agent, Tequesta, FL
Sat Apr 20, 2013
Body,

It you are asking about on-going expenses associated with the ownership of real property in Palm Beach Gardens much has to depend on what type of property (single family home, condominium, town home), what type of loan (FHA, conventional, other and where the property is located. Besides mortgage related expenses your two biggest expenses will be property taxes which you can use as a rule of thumb about 2% to 2 1/2% of purchase price and community fees if the property is encumbered by an association. Keep in mind your monthly loan expenses will vary dramatically if you are doing an FHA loan that will require Private Mortgage Insurance. Lawn care, pool maintenance, electric, water and other utilities and property insurance should also be included in your monthly budget. And make sure you set aside a few dollars for a margarita at the beach!

In today's fast changing market, buyers must prepare well and be ready to act quickly or they will miss out on the best opportunities that do come along. The most important thing you can do is locate a qualified Realtor who can properly assist you in clearly defining your objectives and designing a game plan to help you meet them. When it comes to hunting down the perfect opportunity we have geared our systems to be centered on your needs and take great pride in offering you the best home shopping experience anywhere. We are only happy when you open that door to your new home! I would certainly be honored to be included on the list of any Realtors® you may choose to interview and am happy to be of help to you and your family with any, and all, of your real estate needs throughout Palm Beach and Martin Counties.

Best of luck and if I can offer anything additional please let me know.


Always at Your Service,


Tom Priester e-PRO
"Results Driven Real Estate"


Keller Williams Realty
561 308-0175
tom@tompriester.com
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