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Rough idea on closing costs for a new build home?

  • Last Updated:
  • Aug 18th, 2015 9:46 am
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Deal Addict
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Dec 4, 2009
4186 posts
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1.5-2% purchase price, to be on the safe side. Btw, this is a 4 year old thread.
"I'm a bit upset. I've been grab by the back without any alert and lubrification"
Lucky
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Jul 30, 2007
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echo_jey wrote: I have already signed last month. still I can adjust the cap?
Usually, yes.

It's called amendment (to p&s agreement).
Sr. Member
Nov 6, 2009
893 posts
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Can you advise about this lawyers fees?
Dsidhu wrote: Depending on the builder you can make them put in paper the cap and you sign it so you won't see the "sudden extra" charges at closing. Your closing costs varies with locations, size of lot and type of house as well as builder (on what they add).

The caps is usually developmental charges, charges to beautify landscape etc. You should get a lawyer at least 6 weeks before you close. I had David Cohen (he is in Brampton) and he was super anal about everything.
Sr. Member
Nov 6, 2009
893 posts
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echo_jey wrote: Did you find RFD recommended Lawyer? if so pls pass info.
It wasn't rfd recommended lawyer ended up paying about $1500 for closing fees.
Banned
Jul 2, 2015
395 posts
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Canada
sonajatt wrote: It wasn't rfd recommended lawyer ended up paying about $1500 for closing fees.
Yeah that's a standard price thesedays. For title search and closing etc by RE lawyer. They don't really do much, as its all standardised, but you still have to go through them, easy money for them :(
Sr. Member
Dec 8, 2009
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sonajatt wrote: It wasn't rfd recommended lawyer ended up paying about $1500 for closing fees.
$1500 is lawyer fee or it includes other fee as well?
Deal Expert
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Jul 30, 2007
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echo_jey wrote: $1500 is lawyer fee or it includes other fee as well?
that's too high. Typically, $1000 fee, incl. disbursement (excl. any title protection insurance) is the general consensus I see.

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