Episode 48

Published on:

23rd Mar 2020

048 Buyers Closing Costs

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.

Links from this episode:

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About the Podcast

Selling Sarasota
Welcome to Selling Sarasota Podcast! In every episode Shelley lays the smackdown on misinformation and delivers key insights into local real estate. Shelley Panas is a REALTORĀ® with Century 21 Beggins Enterprises in Sarasota, Florida.

About your hosts

Shelley Panas

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Living in Paradise! After running a successful company in Colorado Springs I decided that although mountains are beautiful, it was time for beaches. I relocated to Florida and joined the highly successful team at CENTURY 21 Beggins Enterprises -- the #1 C21 in Florida! I love it here! There is always something new to experience. At the end of the day, it is so nice to hop on my bike and head to the beach. The feel of sand squishing between my toes, listening to the waves crash on the shore while watching the sun paint the sky beautiful shades of gold, red and purple as it set is the perfect way to end my day. So I ask, why just come visit when you can stay?

I believe there is something profound in owning a home. This is your personal place to dream big dreams, relax in comfort, and be with the ones you love. I became a REALTORĀ® to help people have a better life.

We started our podcast in 2018 after Ed spent most of 2017 developing ideas for launching a podcast, only he didn't like any of the show topics he was testing. To test his audio gear he started "interviewing" me about my work in real estate. Needless to say, these test recording sessions became very silly very quickly and that's we realized we had our show. Ed brings his technical expertise in web development and digital marketing to complement my skills and experience in real estate to the show.

Edward Panas

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I have been a huge fan of podcasts since before they were even called "podcasts"! I remember listening to talk radio shows as far back when I was a kid through my college years. My frustration was always with getting a good signal or catching my favorite shows when they aired. When "Internet radio" shows started in the early 90's I used to listen to streaming shows from college & public radio stations, but connection speeds were limited. When podcasting started in 2004 I knew this was going to be a significant change in audio entertainment. As my weekly listening time increased over the years my interest in starting my own show grew as well.

I started kicking around the idea of starting a podcast shortly after moving to Florida in 2014, so in 2017 I joined Florida Podcaster Association in Tampa and learned how I could start my own show. As Shelley mentions in her bio, my ideas all sucked. (She says it much nicer than this.) I either lost interest very quickly or the ideas were just plain bad. She agreed to work with me testing out my new gear and audio production skills talking about her work in real estate. We were having so much fun doing these practice recordings we realized that this was our show. After a few months of learning about audio production and working out our content plan, we launched Selling Sarasota Podcast at PodFest Multimedia Expo on February 9th, 2018!