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WilsonTC WilsonTC is offline
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Join Date: Jun 2009
Posts: 490
Quote:
Originally Posted by jsoderbe View Post
WilsonTC, thanks, but my problem is that when I want to take a closer look at the listing by clicking on the link, I get this error message:

Oops, there's been a glitch!
We're sorry. This glitch is likely temporary, so please go back and try again.

But it's not temporary, since I had the same experience for 6 months now....

I realize that the taxes are high, but I thought they would be 2 % anually, based on the price? Also, insurance is an issue, and I thought it would be expensive but I figured a couple of grand would do. How much is it? $5k? Maybe the canal front homes are considered a flood zone.

It's crazy, my home in Sweden costs about $600 a year to fully insure, and it is appraised to double what my second home will cost.

Thanks,

Johan
They click through OK for me. What browser are you using? Try another.

On a $500k home in Broward County, you will pay $8500/yr. in tax. Being a non-citizen, there is no Homestead Exemption. Depending on where your home sits in relation to water/flood/wind zones, you will pay between $5k ~ $8k/yr. in insurance on that value.

Based on the least-cost scenario, that's appx. $1125.00/mo for insurance/taxes. At 5.1%APR, you can buy a $207k home for $1125.00/mo.
Old 08-05-2009, 02:38 PM
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