Saturday, 21 October 2017

What Are the Closing Costs of Buying a 55 Plus Home in Vero Beach FL?

Written by Posted On Thursday, 12 October 2017 15:52
55 Plus Homes for Sale in Vero Beach FL - Purchasing a home in Vero Beach, Florida has never been this easy and convenient. 55 Plus Homes for Sale in Vero Beach FL - Purchasing a home in Vero Beach, Florida has never been this easy and convenient.

Always consider your location for the home you purchase

 

It’s essential to know if the home you’re moving to has any extra closing costs. Another thing you should consider is the kind of property you have purchased.

Closing costs are what you need to pay in order to close the sale on your home. The costs of the services completed, as well as those involved in loans, need to be paid. You may be asked to pay some of them while you’re still in the process of buying the house but technically, closing costs should be paid after everything is done and the keys are ready to be handed to you.

The good news is Vero Beach, Florida, which has served as a top retirement destination for decades, offers some of the lowest closing costs in the region. They have been ranked on the low end of closing costs’ average range nationwide.

Get as much information as you need!

 

Here are the customary fees for buyers according to the Federal Title and Escrow Company in Florida:

  • Down payment
  • Title insurance
  • Loan Fees
  • Prepaid interest
  • Inspection fees
  • Appraisal
  • Mortgage insurance
  • Survey Fee
  • Hazard insurance
  • Miscellaneous fees such as documentary stamp
  • Property taxes
  • Deed recording fees

Determining the right closing costs is pivotal for the buyer to know since there are separate fees allocated for both you and the seller. You won’t want to have any unpleasant surprises at closing time with fees that are not reflected on the contract.

What goes into the closing costs of buying a 55 plus home in Vero Beach, FL?

 

The fees normally come from the mortgage lender and the title company or lawyer which are involved in the transaction.

Majority of the closing costs in Vero Beach, FL are paid to the lender. For example, a house for $200,000 with closing costs of $1,800 usually has more than $1,000 of average costs accrued to the lender. Even for those who don’t have a lender, charges will also come from title insurance companies, property surveyors, and other professional fees. If you’re a cash buyer, you can often receive more than 50% discount on closing costs since you won’t be needing the involvement of a bank or a lender.

I’m Karen Mathers and I will be here to help you throughout this entire process!

 

As your REALTORⓇ, I will see to it that I’m there with you during the closing. It’s only good business sense to give full service to my clients through this entire transaction. I’ll make sure you aren’t missing any documents, and all questions will be answered. I will ease your last minute worries and surprises by making sure no errors on commissions or deeds show up at closing.  I will be there to verify that the sale is being closed according to the terms of the purchase agreement.

What are you waiting for? Call me at 772-532-3221 and let it be our singular goal to find the right 55 plus home in Vero Beach for you and go through the entire process smoothly! And if you’re a seller thinking about closing costs, I can definitely help you, too!

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