Quote:
Originally Posted by jcvdd1
Greetings-
Both my wife and I will be purchasing a brand new home within the next 60 days directly from The Villages ( Fenney )and we are both seeking any guidance you guys can provide:
1. Price of home will be in the 340,000 range and wondering other than the purchase price, what other fees will we be responsible for at the time of closing?
2. As a current Florida resident and homeowner, what will my county taxes amount to?
3. What will the bond amount be?
4. Will we need to purchase title insurance?
5. Approximate cost of homeowners insurance?
6. Approximate days to closing after placing a down payment, total cash transaction?
THANKS Joe & Cristina
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I have bought both a new and preowned home in TV. Here is what I can tell you.
1. Pretty standard closing arrangement. I can't imagine it would be very much if you are not doing a mortgage, I would guess $3000?
2. My guess is your taxes would be about $3300 total - both ad volorum and non ad volorum together (not including the bond). It will be less if you claim homestead exemtions - probably drop that to under $3000.
3. they are typically around $30K now.
4. Title insurance is good to have, but you are buying from the developer - no chance anyone will challenge that, up to you.
5. Homeowners will run you $600-$800 go through the villages insurance. They are great.
6. As stated before, you have 30 days to close. I think Cash they will do a lot faster if you want.
I think you will find TV to be a pretty cheap place to own a property - everything is pretty reasonable, and your property taxes go DOWN every year.