[johudd]

We will hopefully be at the villages soon - will be paying cash for our new home - example - $200,000 any idea what the closing costs will be?????

[l2ridehd]

New or resale? If new could be somewhat high, resales are pretty cheap. A guess would be 6K to 7K for new vs 2K for a resale.

[johudd]

6-7K - what is that for?

[l2ridehd]

It's just one more reason to buy resale vs new. Every time someone buys new, the fee's are always triple or quadruple what they are for resale. And on resale the seller pays most of them anyway. Ask your sales rep for a breakdown of the costs on a new home and a resale home. There are CDD fee's and connection fee's and special charges that are a one time only cost when the home is new.

[ohiogolf]

We bought a new CYV in February and closing costs were about $8500. The closing costs were waived if you paid cash.

[JohnN]

I bought a patio villa in June, cash. Closing costs were only a couple/few hundred bucks. (less than $500)

The closing company will give you an advance estimate.

[JohnN]

and it varies a bit, but you have to pay the "fire dept" assessment, $60 or so,
the pro-rata on the month TV assessment (approx $130/days til the end of the month)
the pro-rate CDD bond until Oct.1 (when the new billing comes out)
a few county closing costs.. .less than $500 total for all

[Hyacinth Bucket]

I did not realize that if you paid cash for a new house in TV that the closing cost were so low.

When we spoke with a TV Realtor about closing cost I do not recall him informing us that there is one figure for closing cost if you pay in cash and another if you have a mortgage.

Does anyone know why there are two different costs?

HB