Have you ever wondered what the development fees were and why they would charge you? Look at the writing in your agreement of purchase and sale. Usually the developer must pay the development fees to the city prior to getting their final approval. They feel that since this fee was accounted for but you buy a condo from them a year later that you are responsible for the increase of this fee. This can represent $3,000 – $6,000. Be aware!! There are some developers that are passing the entire fee on to you, $20,000 to $30,000. Not to drop any names but Pinnicle for one, thats right, check your writing in the agreement, you are responsible for 100% of all development fees in this agreement. Congratulations, I suppose this makes you a developer!