The purchase price is only part of the picture. Plan for the complete cost of ownership before you fall in love with a property.
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Ask for an estimate based on your expected purchase price and exemption eligibility, not just the seller's tax bill. Florida homestead exemptions and assessment caps have eligibility rules; your lender or county property appraiser can help estimate taxes.
Price homeowners or condo insurance early, including windstorm and hurricane deductibles. Flood insurance may be required by a lender in certain flood zones and can still be worth considering outside them. Roof age, wind mitigation, prior claims and building condition affect quotes.
Association fees can cover amenities, maintenance and insurance, but inclusions vary. CDD assessments may appear on the property-tax bill and can include debt service and ongoing operations. Confirm current amounts and any planned changes.
Budget for air conditioning, landscaping, pest control, utilities, pool service, repairs and future replacements. At closing, account for lender/title charges, prepaids, escrows and applicable taxes; get a property-specific estimate from your lender and closing agent.
Scott and Jan Langa can help you compare neighborhoods, understand the numbers and find a property that fits your goals.
Ask Scott & JanSearch Sarasota-area homesRead client reviewsGeneral educational information, not legal, tax, insurance or lending advice. Confirm current regulations, documents and estimates with qualified professionals.
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