Bud Crihfield, Home Buyer in Punta Gorda, FL

If a lot sold for 42K what would the toal expenditures be to buy the land. ( approximately )

Asked by Bud Crihfield, Punta Gorda, FL Sun Apr 29, 2012

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3
sounds to me as if you are talking about expenses as a BUYER not a seller. Based on a cash sale:

*Recording fee for deed $15.00 max
*Pro-rated property taxes from Jan 1 to day of close would be a credit to you as you would pay the full bill when it comes out in November
*Title insurance/closing fee is always negotiable you can offer to pay, you can ask seller to pay or you can ask seller to split (Insur. on $42,000 $241.50 closing fee appx $300 totaling $542.50 on this sales amount.
*Pro -rated Homeowners fees( if any) would be a credit to you as well from Jan 1 to day of close

There of course as in everything be variables, but unless something out of the ordinary pops up this should be pretty darn close to final.
Kelli
(941) 662-0-503
OCEAN PARTNERS REAL ESTATE
Port Charlotte, FL
0 votes Thank Flag Link Mon Apr 30, 2012
$42000

less commission (% unknown at this time)

unless negotiated otherwise, seller pays:

title insurance $230.00
FL doc stamps (tax) $28.40
title agent/lien search fees $200-$250 est. (often split between buyer & seller); no attorney needed in FL
prorated taxes, HOA fee, liens, assessment

(10% of sales price to IRS if foreign seller)

Marge Trayner/Bud Trayner Realty
cell phone 941-380-2823
0 votes Thank Flag Link Sun Apr 29, 2012
Bud,
There are a lot of variables. Is it in a deed restricted community with an HOA fee. If so, the seller would pay the fee up until day of closing and you woud pay the rest. The seller would pay the taxes up until day of closing. Taxes are paid in arrears, so you wouldn't owe that until the end of the year. Other fees would be the title company charges around $200. Are you asking seller to pay for title insurance or paying yourself. That would be $241.50 on $42k. Are there any liens on the property and is the seller going to pay them or are you. Is it bank owned, a short sale or a normal sale. There is also a fee for recording of deed $15 to $35. Are you paying cash.

Tammy Hayes, Realtor
Green Lion Realty, Port Charlotte, FL
tammyhayesre@gmail.com
941-276-6185
0 votes Thank Flag Link Sun Apr 29, 2012
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