Adjustments on New Home Closings

By: Jayson Schwarz LLM and Hamza Ahmad JD If you think your purchase price is the only amount you will be paying your builder on closing you should read the fine print of your contract, or better yet, have a real estate lawyer review it for you. Interim Occupancy Closings Before the final closing for…

What Taxes are Payable on Closing?

By: Jayson Schwarz LLM It is the week before your closing on your newly constructed home. Your lawyer has just reached out to you and explained the money you need to bring in. All of this is set out in the statement of adjustments (“s/a”) received from the builder’s lawyer. in that s/a are the…