Re: Closing costs- New Construction vs Pre-owned
We closed on a pre-owned MLS home November 15th. Here are some of the costs not including interest, taxes, CDD/bond fees etc, which very depending on loan, bond etc.
This is from the HUD settlement statement and the numbers correspond to the location on the form.
1100. Title Charges $423 This is the sum of all items charged to us (buyer) at closing. The seller paid roughly $2,000 for the title policy and fees as listed in the sellers portion of the HUD statement. Seller pays for the title policy here.
1200. State tax stamps $950
1300. Additional Charges (included survey, pest inpsection and VCDD charges for garbage fees, etc $600 I prepaid a home inspection fee of $250 which would normally show up on the HUD form but didn't due to the pre pay.
Add in about $2,100 in county taxes and assessments paid in advance by the seller, which now are added to the buyers costs and you come in around the $4,000 previously stated by DickY.
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