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Updated over 5 years ago,

User Stats

92
Posts
32
Votes
Luis Vaca
  • Specialist
  • Oxnard, CA
32
Votes |
92
Posts

Closing on first deal, it disappointed

Luis Vaca
  • Specialist
  • Oxnard, CA
Posted

So I just signed the title documents today for a SFH in Kansas city for 70k. I was caught off guard by two things; Property taxes a lot higher than expected, It went from 950 all the way to 1370$. Due to the recent appraisal. I imagined they might go up a bit but that was higher than I expected. Then there was n HOA for 25$ that was slapped on there, I asked the notary if it was monthly or yearly but she didn't know. I called my agent ( I am in California, her in KC) but she was out of the office for the day (she had told me previously).

I ended up signing anyway as I am just praying it is a yearly amount since it was not disclosed ANYWHERE. It's only 25$ but that's supposed to be MY 25$. The deal is not as great as i'd hoped as my CoC is 9% with about 150$ monthly. Lesson learned here is do my due diligence on taxes more in determining what they will be. As far as the HOA my agent will have some explaining to do.

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