Quote:
Originally Posted by melpetezrinski
You are about 50% correct. Not bad. 1 year homeowners? Do you mean insurance, if so, that's only if there is a mortgage. If there is no mortgage, homeowners insurance is not a settlement cost and it's not even a cost if the new homeowner self insures. Seller pays documentary stamps. Seller pays title search and insurance. Both parties will usually split the other title fees such as administrative or closing fee.
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This is for pre-owned. I'm not knowledgable in buying new from The Villages. I wouldn't doubt it if they pass all cost to the buyer, which is ridiculous.