Here's what I have from the aforementioned sale..brand new , this is March 2007. A Camelia, the purchase price was $237,000
$5525 in closing costs associated with the mortgage (20% down conventional)
in addition to those, the pro-rated county taxes..which of course you pay no matter what,,
here are the costs associated with the new house purchase=
Mail Box Fee ..........................$190
Deed recording fees. ................156
Documentary Stamps...............1660
Utility Hook up........................2300
wAter hook up..........................700
underground electric Service Fee...165
Water and wastewater fee.......... 90
electric meter fee...................100
Building Permits....................3998
That came to a total of ......$9498
as far as I know that $9498 is from buying a new place. You wouldn't pay that on a resale...
In addition to those fees is the bond, which in this case was $20500.
So, in addition to the purchase price in this example, one would add the bond price (which may or may not be a factor in the purchase of a resale) and the $9498 that would not be a factor in a resale.
My understanding is that some of these charges may be picked up by the developer at certain times, depending upon market conditions, to "sweeten" the deal. I don't know if that's true or not. I heard that. Could be BS.
Correct me if I'm messed up on this. I think I get it, but I'm still crunching these numbers.
Dan L
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