Quote:
Originally Posted by graciegirl
This is completely and absolutely right. We paid cash. Just two weeks ago. The Villages, paid those closing costs. Very low closing costs.
If you take a loan than your closing costs are higher because of the fees of the loan.
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I am putting this here again Out FRONT because we TOO have bought two brand new homes here in the past three years. The seller, The Villages paid almost ALL of the closing costs. So I respectfully disagree with Bikerdog.
BUT if you borrow part of the money.... The closing costs on loans these days is VERY HIGH comparitively.
If you take the price of the bond and in your mind add it to the home then you will get the price of the home in the way homes are priced elsewhere. (Builders figure in the price of the infrastructure in other places in the U.S.)
So for instance a Gardenia of approximately 2000 square feet on an interior lot would really cost aproximately 265K instead of the listing price of 242K...adding in about 23k for bond.
Now there are many, MANY pluses to buying a resale. The previous owners will probably have put in pull down stairs in the garage, downspouts all around the house, finished the garage floor, painted the interior walls, had the driveway painted, put in extra towel racks and shelving in bathrooms, added solar tubes,customized closets, paid down the bond some or paid it off, and perhaps are selling it furnished.
So as I have said before and will say again. It is all a matter of personal choice.
AND I DON'T WORK FOR THE VILLAGES. I am a very happy resident.