Thursday, August 6, 2020

T-minus 329 day: $10K Closing Costs?

 I was watching one of The Dis shows that talks about moving to Florida. This particular show was about the hidden costs. One of the hidden costs was the closing c ghosts on a house.? They reported the closing costs could be $10-13K! 

I don’t remember what the closing costs were on our New York homes, and honestly, the costs were added to our mortgage to be paid across 30 years. But I can’t imagine the cost was that much!

According to the report, because Florida doesn’t have income tax, they have to make up money somewhere. And one of those places ours to tap into the lucrative real estate market with some of the most expensive closing costs in the nation.

The said that when you look at the cost of a house, add another $10k to cover the closing cost.

No comments:

Post a Comment