Question: “What are the costs associated with buying besides the purchase price?”
Chris’s Answer:
Depending on the property and whether you are getting a loan, you could be responsible for these costs associated with buying a home on St Croix:
- Your attorney’s fees.
- Home inspection.
- An appraisal.
- Owner’s title policy.
- Property survey.
- Recording fee for the deed.
- Lenders title insurance.
- Title search.
- Transfer stamp tax (often paid by Seller or split between you).
- Prorated condo fees.
- Prorated dues.
- Prorated HOA fees.
- Prorated property tax.
- Prorated property insurance.
To learn more about buying a home on St Croix, check out other blogs on our site:
Buying a Condo: Assumptions vs Reality
Tips for Buying a Home Sight Unseen
Contact us with any questions about real estate on St. Croix!