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048 Buyers Closing Costs
Episode 4823rd March 2020 • Selling Sarasota • Shelley and Edward Panas
00:00:00 00:38:46

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Today we are going to wrap up the conversation we started during the last episode concerning Closing Costs. During the last episode we discussed those relating to the seller. Today, we will review those of the buyer.

In FL, homebuyers typically pay between 3-3.5% of the sale of the home toward those costs. The types of costs that could be involved are:

1.     Lender fees

2.     Taxes

3.     Escrow Account Pre-funding (Property tax, insurance, HOA/CONDO)

4.     Closing fee to the party that handles the closing

5.     Filing/recording fees

Shelley describes these in detail.

Before we started with today's episode, we shared our thoughts and feelings about COVID-19 (Coronavirus). We won't have a special episode dedicated to the global pandemic as we are not medical experts or even medical amateurs and there is a enough noise in the media about this important topic.

Our best advice is to stay calm, take care of yourself and your loved ones, and do your best to follow the guidelines put forth by the CDC. We know there are a lot of people hurting out there, many losing their jobs. In Florida there are thousands of people working in the travel & hospitality industry so we ask that if you live here, please help support these folks. Place a few take out orders while it's still allowed and give them a bit more in their gratuity. If you don't support your favorite local businesses now they may not be here when COVID-19 is a memory.

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