Brian Noble
Gratefully in Recovery
- Joined
- Mar 23, 2004
- Messages
- 19,423
This is the way.Realistically buyers will have to take the overall cost of the contract into account ($ per point, annual dues, closing costs, any middleman fees, etc.) and decide overall if the contract is still worth it.
It doesn't matter who pays which costs and how it is split. What matters to the buyer is the out-the-door price, and what matters to the seller is net proceeds from sale. Each party needs to know their not-to-exceed number, the maximum for the buyer and the minimum for the seller. If they overalp given the other transaction costs, you can get to a deal.
The only difference this fee makes is that there needs to be a little more cushion between the seller and the buyer to account for the extra $500. But, we are talking a purchase that easily runs to low-to-mid five figures. In that context the $500 is not a deal-breaker.

