HH closing cost differences?

[bnlbebes]

I am currently looking at small HH contracts through Fidelity and the first reply that I got from multiple agents was to expect higher closing costs for SC between $600-800. This is a huge deterrent, but on one contract, the seller is willing to cut the price $5 per point. This ultimately ends up equalling about 1/2 of the closing costs.

Still thinking it over...

 

[lovin'fl]

Not to dig up an old thread, but I just got e-mail from fidelity and was told that I'd pay $800 per contract...no matter how many points. I was interested in a 25 point w/ Dec UY and a 70 point w/ Dec UY. She said I'd pay $800 to close on EACH...$1600. She mentioned splitting the costs with the sellers, but even $400 to close on a 25 point contract is ridiculous. I am looking elsewhere and will look for 1 contract with 80-100 points.

 

[Dean]

Not to dig up an old thread, but I just got e-mail from fidelity and was told that I'd pay $800 per contract...no matter how many points. I was interested in a 25 point w/ Dec UY and a 70 point w/ Dec UY. She said I'd pay $800 to close on EACH...$1600. She mentioned splitting the costs with the sellers, but even $400 to close on a 25 point contract is ridiculous. I am looking elsewhere and will look for 1 contract with 80-100 points.

No all closing companies base their charges that way. IMO, even $400 total for a 25 pt contract is highway robbery and that includes HHI. If that's all you want find someone who will sell it to you privately and get one of the timeshare specialist closing companies that will get you down in the range of $100 completed.

 

[disneynutz]

Bottom line is that they can charge what ever they want.

There is a kick back going to your Broker.

If you have a problem with the price, call them on it.

Bill

 

[Brownieone]

brought through TTS, closing done in SC

We're closing on a 50 point HHI resale thru TTS next month and were quoted ~$425.

 

[lovin'fl]

We're closing on a 50 point HHI resale thru TTS next month and were quoted ~$425.

I ended up going through TTS because they charge $425 for closing (And I am buying 2 contracts...from the same seller though).