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 Post subject: Closing Costs, Townhomes
PostPosted: Tue Feb 08, 2005 9:41 am 
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Joined: Wed Feb 02, 2005 11:29 am
Posts: 549
Chris and I are in the process of saving for our 35% down on our upgrades which is great and we will have it done by May 28! Just in time to start saving again for the closing costs. I was wondering if there were any townhome buyers out there who have an idea or can let me know what their closing costs were. We have been given a few ideas from friends with semis around Hawthorne that closed at approx 1800. However reading a few other posts, folks were talking closer to 2500. Just wondering if a townhome buyer could give me a heads up!
Also we had heard from the sales at Mattamy that we will get 35% back on the house at closing as a first time home owner. Has anyone heard anything to this degree? The closing of the house confuses me!


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PostPosted: Tue Feb 08, 2005 10:57 am 
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Your lawyer should give you a breakdown of what your closing costs will be. We close in November and we got this from the lawyers last week. I think ours was in the neighborhood of 2000 (for a semi).

I don't know about that 35% thing, but you do get 2000.00 off of your land transfer tax as a first time home buyer. (This cuts down the closing cost quite a bit)


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 Post subject: Re: closing
PostPosted: Tue Feb 08, 2005 12:48 pm 
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trish wrote:
the 35% is completely seperate from closing costs,


So there is a 35% discount?? :shock:


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PostPosted: Tue Feb 08, 2005 2:50 pm 
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Totally agree about all the extras after closing! Learned those extras years ago in University! Gotta love how Bell, Hydro etc can nail you from the get go!


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PostPosted: Tue Feb 08, 2005 4:42 pm 
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Joined: Wed Jul 21, 2004 7:49 am
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Location: Your Custom Electronics Installer
Courtney & Chris wrote:
Totally agree about all the extras after closing! Learned those extras years ago in University! Gotta love how Bell, Hydro etc can nail you from the get go!


How are they nailing you exactly?


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PostPosted: Tue Feb 08, 2005 6:57 pm 
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Oh I am referring to the costs incurred in setting up the accounts etc.


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PostPosted: Tue Feb 08, 2005 8:34 pm 
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Joined: Thu Jul 01, 2004 10:25 am
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Location: Greensburg Elev B, Robson Cres
We moved to a rental home just now and we got
Quote:
nailed
with a $300 new account fee. But if we pay by automatic bank withdrawal, you don't have to pay this fee upfront.


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PostPosted: Tue Feb 08, 2005 9:08 pm 
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Location: Your Custom Electronics Installer
Tim&Sandra wrote:
We moved to a rental home just now and we got
Quote:
nailed
with a $300 new account fee. But if we pay by automatic bank withdrawal, you don't have to pay this fee upfront.


Oh! Deposits! Yes. Those can vary.

http://www.buildinghomes.ca/index.html? ... ities.html


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PostPosted: Wed Feb 09, 2005 9:15 am 
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Apparently nailed is a great way of putting it!


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