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What are Closing Costs - New Construction Central FL

Updated: Jan 28, 2023



When buying a new construction home in Central Florida, it's important to understand what closing costs are and what they include. Closing costs are fees associated with the purchase and sale of a home. These fees can include loan origination fees, title insurance, appraisal fees, and more. In most cases, buyers and sellers split closing costs equally.

When buying a new construction home, there may be additional closing costs to consider. For example, some builders require buyers to pay for their own title insurance policy and may charge an administrative fee or a markup on building materials. These costs can vary depending on the builder and the specific home you are buying.

It's important to ask your real estate agent about any additional closing costs that may apply to you when buying a new construction home. Your agent can provide you with an estimate of the closing costs and help you understand what each fee is for.

Some common closing costs when buying new construction home include:

  • Origination fee: This is a fee charged by the lender to cover the cost of processing your loan application.

  • Appraisal fee: This fee covers the cost of an independent appraisal of the home, which is required by the lender to ensure the home is worth the loan amount.

  • Title search and title insurance: These fees cover the cost of researching the home's title and providing title insurance, which protects the buyer from any title-related problems.

  • Survey fee: This fee covers the cost of a survey of the property, which is used to confirm property boundaries and the location of any buildings or other structures on the property.

  • Homeowner's association fees: If the home is in a community with an HOA, there may be an initial fee to join the association, as well as monthly or annual dues.

It's important to understand that these costs can vary depending on the builder and the specific home you are buying. It's important to ask your real estate agent about any additional closing costs that may apply to you.




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