Usually, the builder/developer expects you to pay the documentary stamp taxes, the owner's policy of title insurance, a pre-set amount into the "cap" fund, and perhaps a 1.50% fee for "his" costs. On a $300,000 purchase, these fees easily amount to $10,100 in closing costs that are mostly negotiable. Knowing how to negotiate the best and fairest deal possible is the expertise the Realtors® of Deltona Realty will assist you with when you decide to purchase. And, remember - builders and developers "cooperate" with agents...they expect you to come with one and are grateful when you don't.
Also, new home buyers should be aware that your builder cannot include as part of your new home purchase contract that you are required to use their preferred mortgage lender or their title company. It is a violation of both RESPA and FTC guidelines to require such conditions. The bottom line is that builders can entice you with incentives, but they can't threaten you with them. If you do feel threatened, file a complaint. For complaints on high-pressure tactics call RESPA Enforcement at (202) 708-0502 or email them at firstname.lastname@example.org.