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Politics : Did Slick Boink Monica? -- Ignore unavailable to you. Want to Upgrade?

To: Lady Lurksalot who wrote (11838)	3/22/1998 4:32:00 AM
From: Dwight E. Karlsen	Read Replies (1) \| Respond to of 20981

Yes, who pays what is based on custom. Here in WA, the buyer also pays for the appraisal, which makes sense to me, because it is the buyer's bank (assuming the purchase is financed) has it in their interests to have an appraisal done. The title fee and title insur are split here though, under local custom. However, many times the seller will agree to pay those costs in order to close the sale. A surprising amount of time in my area the seller will pay for ALL the buyer's fees, including the buyer's loan origination fee, loan discount fee (if any), and lender's reserves for property taxes, fire insurance, etc. But when this happens, the seller usually just makes sure the selling price is raised enough to cover these costs. Usually these instances are because of VA loan rules, which prohibit the buyer from paying many of those type of costs, like loan discount fees. That's probably more than anyone cared to hear.

To: Lady Lurksalot who wrote (11838)	3/22/1998 9:43:00 AM
From: James R. Barrett	Read Replies (1) \| Respond to of 20981

Holly, is it true that there is lost gold mine in the basement of every house in California? Jim

To: Lady Lurksalot who wrote (11838)	3/22/1998 11:59:00 AM
From: Zoltan!	Respond to of 20981

>>If one follows custom, however, selling in Southern California while buying in Northern California is often referred to as the Big California Whammy. Holly: You must realize that prices in both areas incorporate that disparate reality, just as the commission of a real estate agent is reflected in selling price depending on whether it is a buyer's or a seller's agent that gets paid. In the cases you describe, the seller in SCal gets a higher price than would be the case if the buyer had paid those costs and in NCal the opposite is true. Certainly if you bought a car that came with insurance you would pay more than if it didn't. Unlike most laws, the laws of economics are immutable. Duncan