re: #124 ozbloke

Evening,

I know its late, but can some one please tell me what I am missing.

I’m in Australia, and looking at Real Estate in the USA.

I’m looking at this, what are the costs that are not being listed, any help appreciated…

Since everyone has gone to bed I’ll take a stab at answering your question.
The property taxes and condo fees are listed in the ad. You will also need property insurance including hurricane insurance. I would also require a property inspection prior to purchase.
This inspection should look for termites and other bugs, the condition of the roof, any water damage (inside and outside), condition of the structure and foundation, the heating/air-conditioning system, and appliances. These inspections usually run about $500. The buyer will make a condition of the sale that the home pass inspection prior to closing on the sale.

Also note this is a “short sale” which means the
prior owner defaulted on their loan to the bank. The bank has taken possession and has agreed to sell the property for $170,000. One thing to watch for is property owners who “trash” the property prior to turning it over to the bank.