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Old 10-28-2007, 10:55 PM
Frangyomory's Avatar
Frangyomory Frangyomory is offline
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Join Date: Jul 2007
Location: Tall Trees/Cherry Vale CYV
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Default Re: Closing Costs - New vs. Resale

We purchased a villa two years ago and closing was over $13k I have never heard of such closing cost in my life before but this is how it is here. I was shocked at that until I heard from my neighbors who bought much more expensive homes who had closing costs of $20k.

That was exclusive of our bond by the way. We paid the bond off because we didn't want to have something like a second mortgage hanging on.

Resales are sometimes much more cost effective. You need to balance all data before signing on the bottom line.
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Fran Gyomory
The Bronx, NY; Kailua, HI; Dale City, VA; Fredericksburg, VA; The Villages, FL
 
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