Posted by Bill VA on August 31, 2016 at 14:33:13 from (67.130.51.170):
Considering buying some land, about 10 acres. Been going back and forth with offers and counter offers. I made contact with the owner about selling this land via a buyer's realtor, a friend of mine who is a realtor and someone I consider knowledgeable. Presently the price is somewhat higher than my last offer and I'm ready to make a best and final offer.
I'm interested in the land, but not at all costs. This would be a CASH buy - no banks or financing.
With the above in mind - what are my expected costs above the selling price that are reasonable and expected. The realtor will give me that info too - but I want a reality check, hence this post. I want to be able to counter any push by the seller that I pay certain costs that are not customarily the buyer's responsibility.
For example, I'll have an attorney and pay that fee. I'm sure there are all manner of other fees associated with deed recordings, fees that the state, county and who knows, the federal government require.
I'm willing to pay what is reasonable and rightfully my responsibility - nothing else. I expect the seller to pay the realtor's commission given what I consider a higher price.
Question is - what is reasonable in terms of expectations for the buyer and seller cost share beyond the price of the land.
Before anyone hammers me with "this is a tractor forum" - I get it, but also most respect those who have been down this road before and are willing to share their thoughts.
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