1 comments:
- DocJr said...
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There are two primary purposes for allowing transfer fees. (1) To spread out the infrastructure costs for building a master-planned community. Instead of charging the first owner of a house the total cost of sewers, public and private roads, utilities, and water services - the fees are spread out over 99 years allowing any owner benefiting from the fees to pay their portion of the fees. (2) The transfer fee program would allow funds to be invested NOW into construction projects, which in turn could create up to 5 million+ jobs and help get the economy back on track, ending this devastating recession.
Is a 1% transfer fee a huge deception being pulled on the buying public? No more than the 6% commission you would pay a real estate broker for selling your home. With the creation of 5 million jobs and an end to the recession, wouldn’t it make more sense to pay your agent a 5% commission and a 1% transfer fee for the same amount of money?
The biggest bang for the buck is to allow transfer fees. It could create jobs and help end the recession now! - Wednesday, December 29, 2010 11:07:00 AM EST
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