home buying: Closing Costs: Builders Are Passing Seller Fees to Buyers
- 02/08/11 02:34 AM
This week my eyes were opened to a new trend starting with new home communities: The builders are having buyers pay deed stamps at closing. The fee for deed stamps has always been part of a seller’s closing costs – the majority of a seller’s closing costs – and now builders are passing the fee on to the consumer. In South Carolina the fee is $1.85 for every $500 in the sales price, so on a $100,000 it’s $370; on a $500,000 house it’s $1850. Having to pay deed stamps may not be enough to stop the show for you if … (4 comments)
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This week my eyes were opened to a new trend starting with new home communities: The builders are having buyers pay deed stamps at closing.
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