Question- in our signed offer it doesnt state anywhere that we are paying MF for 2022. Sellers are paying closing costs and it lists our total amount due as 32800. Where would it list maintenance fees that are due?
The contract may not state how much the MFs are, but your closing docs will. The Poly's MF for 2022 are $7.39pp; so there will be $1478 on your side for closing.
Your contract -should- list who's paying MFs. Maybe you're missing that part among the legal language?
Good luck! I'm still salty about the one they took from me back in Nov.
This is what the contract says :
I’m ready salty about the one they took a few days ago. But prices are not going to go down following the direct price increase. A loaded April UY that’s under 150 points isn’t easy to come by.
Not sure. With contract listed as seller pays closing cost maybe not you. Many times the “default” method Is whoever gets to use the points settles up at closing, but it is usually specified in the offer. In your case, since you are even getting the 2021 points, banked into 2022, and the 2022 points, all of which will have 100% of the MF paid, in many cases the buyer reimburses the seller as part of closing. My last contract had banked points, but it was clear in the offer, I would not reimburse for banked point, but I would for the current UY. In the same line of thinking, on stripped contracts with points borrowed from the next year, the seller “pays” the buyer the expected MF on the points they have already used at closing. Each contract is different, but many resale companies, describe the “whoever uses the points pays the MF” as the standard starting point for the terms. I would ask your closing agent immediately how they plan on writing the closing docs, and maybe even contact your agent.
| Keirabella2012---$130-$21457-150-AKV-Jun-0/20, 150/21, 150/22, 150/23- sent 12/30, passed 1/14 |
Closing costs and MFs are different.
Congrats! First time PCV owner?
Passed……2/2
Yes, potential 1st time DVC owner!
