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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] As always... pretty much everything is negotiable. Posted by Alfred, CA on January 30, 2010 at 11:25 AM In Reply to: oops... posted by Rick, the Probate Guy on January 30, 2010 at 10:55 AM Per BOE data it is actually the seller who is responsible to pay sales tax on the purchase of anything they sell. We've just gotten used to passing the cost onto the buyer and buyer's all expect that they have to pay the sales tax on any purchase they make (if it was the other way around, obviously the seller would just build it into their price anyway). So with doc transfer tax, no matter what the established protocol, I would imagine that it is open to negotiation... I pay it? you pay it? we split it? or whatever. FSBO's and small mortgage lenders probably are or can negotiate this point between them. Maybe big lenders won't pay it when they sell their REOs (for now anyway) but as real estate and the economy continues to go through changes I'm sure new approaches to this will arise. Follow Ups: truly negotiable Kristine-CA 7:43 PM, 02/02/10 (1) Re: truly negotiable Rob 6:01 AM, 02/03/10 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Per BOE data it is actually the seller who is responsible to pay sales tax on the purchase of anything they sell. We've just gotten used to passing the cost onto the buyer and buyer's all expect that they have to pay the sales tax on any purchase they make (if it was the other way around, obviously the seller would just build it into their price anyway). So with doc transfer tax, no matter what the established protocol, I would imagine that it is open to negotiation... I pay it? you pay it? we split it? or whatever. FSBO's and small mortgage lenders probably are or can negotiate this point between them. Maybe big lenders won't pay it when they sell their REOs (for now anyway) but as real estate and the economy continues to go through changes I'm sure new approaches to this will arise. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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