Unaware buyers, sellers face closing costs shock

Closing costs can really add up.  Their total can prove to be an unwelcome surprise at the closing table or only days before settlement.

In New York, the extra costs of buying a condo, as opposed to co-op, are substantial.  That’s because a co-op is only the purchase of shares of stock in an apartment building, while condo buyers purchase actual real estate and receive a deed.

Condo purchasers must fork over Continue reading