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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] truly negotiable Posted by Kristine-CA on February 02, 2010 at 7:43 PM In Reply to: As always... pretty much everything is negotiable. posted by Alfred, CA on January 30, 2010 at 11:25 AM I've paid everything as a seller, and I've paid everything as buyer....it's whatever deal the parties come up with and put in the contract. There is "customary" division of costs in CA, in fact there's even regional differences as escrow costs are done differently in No. Cal title companies than So. Cal. But customary doesn't mean much to this deal maker! I've agreed to paying every cost to get a property sold and I've often agreed to net the seller a certain number, therefore paying all costs. Whatever works for the deal. : 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: Re: truly negotiable Rob 6:01 AM, 02/03/10 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I've paid everything as a seller, and I've paid everything as buyer....it's whatever deal the parties come up with and put in the contract. There is "customary" division of costs in CA, in fact there's even regional differences as escrow costs are done differently in No. Cal title companies than So. Cal. But customary doesn't mean much to this deal maker! I've agreed to paying every cost to get a property sold and I've often agreed to net the seller a certain number, therefore paying all costs. Whatever works for the deal. : : : 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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