Quote:
Originally Posted by MrChip72
Nothing posted here is factually correct. A small percentage of new homes in less desirable areas are cheaper than existing homes.
We almost bought a fairly new preowned home 24 months ago and the closing costs were going to be around $2000. We ended up buying new but nothing related to closing costs, we still had to pay some fees to buy our new home.
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The closing costs to SELL A PREOWNED HOME are $25,000 or more. The realtors fees alone for a $500,000 home is $25,000. Yes, when you purchase a home, closing costs are minimal.