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Buyer packet

For people buying a home at Eldorado. This checklist follows Article IV of the 2021 Rules & Regulations, with the move-in rules from Articles IX, XXV and XXVI. The Board of Directors makes the final decision on every buyer.

  1. Submit a complete application package and screening. The application fee is the most Florida law allows, payable to the association. (Rules Art. IV.B)

    RequiredDownload

  2. Have a deposit of at least 20% of the purchase price. (Rules Art. IV.D)

    Required

  3. Meet the credit score requirement of 700 or higher. (Rules Art. IV.O)

    Required

  4. Everyone over 18 who plans to live in the unit is submitted for a criminal background check. The Board of Directors makes the final decision. (Rules Art. IV.P)

    Required

  5. Allow at least 30 days between a complete submission and the closing date. (Rules Art. IV.C)

    Required

  6. The seller settles any balance owed to the association at closing. (Rules Art. IV.F)

    Required

  7. The buyer has a copy of the condominium documents. If the seller did not hand them over, a set can be bought from the office. A current copy of the Rules & Regulations is free. (Rules Art. IV.N)

    Required

  8. Have homeowner’s insurance at the time of purchase and keep it active. Give the office proof of renewal and payment each year. (Rules Art. IX.9)

    Required

  9. Register with the management office before the move-in date. The registered keys and fobs are activated then. (Rules Art. XXVI.A)

    Required

  10. Reserve the service elevator for the move at least 7 days ahead. Moves run Monday to Friday, 8:00 AM to 4:30 PM, with no evenings, weekends or holidays. (Rules Art. XXV.C, D)

    Required

  11. Pay the non-refundable $150 move fee and a $300 deposit, both by check, before the move. Any damage to the hallways or elevators is deducted from the deposit. (Rules Art. XXV.F, I)

    Required

Checklist by Eldorado residents from the 2021 Rules & Regulations. Management confirms what applies to you.