Quote:
Originally Posted by gryoung
The closing costs are significantly higher with a new home because TV includes several charges for water, electical, and sewer connections that are not there with a re-sale. Secondly, there's a Florida inpact fee if you are moving to TV from out of state. In 12/04, our closing costs on a new CYV were just over $13K. My mother purchased a re-sale a year later. She was moving up from Ft. Lauderdale and her closing costs were around $5K.
George
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Usually new construction entails above charges for water & sewer hookups,
utility installations etc.
Built a home in Pa and priced a home in SC and these costs were upwards of $10,000.
The developer here includes these charges in the price of the home so if you purchase a new home the closing costs appear reasonable. Our costs were under $1,000.
The sales rep told us that this way when you get a price on a home that is the price, there are no surprises.
Not a bad idea.
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Brooklyn, The Poconos, Garden City South, The Village of Hemingway
