Morethan50menglishfinal


Real Estate in Cape Coral, Florida

Markus Hartwich, P.A., Realtor®

GRI (Graduate of Realtor Institute)
ACCRS (Accredited Cape Coral Residential Specialist)
RNCS (Residential New Construction Specialist)

Markus

The Cost of buying a property - Cash and Financing

Cost buying property Cash

The purchase price of a property plays a big role when you think about buying real estate.

Equally important, however, is to know what the associated costs will be, so your final number will take everything into consideration.

The fees can vary, especially when it comes to financing a single family home. Exact amounts can only be determined if the individual situation is assessed. The numbers stated below are based on a home purchase price of $200,000 but may be very much the same when you buy for $400,000.

Here you will find a list of  typical purchase expenses. 

 

Cash Purchase:

Title Insurance

paid by seller if not negotiated otherwise

Settlement Fee of Title Company

approx. $350 - usually paid by seller

Attorney's Fees

in case you want your attorney to check the offer / contract

Recording fees

depending on the amount of the mortgage

Fee for Home Inspection

approx. $400 - depending on the size of the house

Fee for Termite Inspection

approx. $75 - depending on the size of the house

Survey

approx. $250-$450 according to type of survey

Proration of property taxes

depending on the tax amount and date of purchase

Assumption of Assessments 

depending on what has been negotiated

 

Cash Purchase financing cost single family home Cape Coral

 

 

Financing Purchase:

Origination Fee and other costs

approx. $3,000 - can vary from one bank to another

Elevation Certificate, Recording fees etc.

approx. $250

Bank Appraisal

approx. $400

State tax

approx. $800

Homeowner / Flood Insurance

approx. $2,000

Lenders Title Insurance

ca. $2,000

Title Insurance

paid by seller, if not negotiated otherwise

Settlement Fee of Title Company

approx. $350 - often negotiated buyer 50% - seller 50%

Attorney's Fees

in case you want your attorney to check the offer / contract

Recording Fees

depending on the amount of the mortgage

Fee for Home Inspection

approx. $350 - depending on the size of the house

Fee for Termite Inspection

approx. $75 - depending on the size of the house

Survey

approx. $250$-450 according to type of survey

Proration of property taxes

depending on the tax amount and date of purchase

Assumption of Assessments

depending on what has been negotiated


 

Finacing Purchase Cost Single Family Home Florida

 All numbers are estimated and can vary