Closing costs on new home

[Talies R]

Who pays legal costs associated with buying a new home, is it the builder or the buyer?

[A2VR6]

For me closing costs were included with the price i paid for my home.

[Kloubek]

Yes - they usually are included if you agree to use the legal representation the builder uses.

(However, in the event of a dispute you need to go with your own representation)

[mo_money2supe]

My wife and I had to pay for our closing costs simply because we didn't go with our builders' mortgage broker. The additional $1k or so in legal fees costs us significantly less in the long run than the 0.5% higher interest rate their broker could get us vs. our own broker's rate so our decision was simple.

[cet]

The first time I built was with a bigger home builder and the costs were included if we used their lawyer. The second time I built was with a small builder and had to cover the costs myself, even though we used the same lawyer.

[2.2vtec]

you should have used a legitmate real estate agent Talies...hate to say i told you so.

[JudasJimmy]

It can go either way. It's in the contract who is responsible for the closing costs. If you catch it before signing, I'm sure you can negotiate it. When I bought 3 yrs ago with Cedarglen, they covered the cost, but stopped the next yr. Beattie Homes also covers the cost.

[guessboi]

Shane covered my cost with their assigned lawyer and I get to choose my own mortgage broker.