I was just reading an article that was posted on Facebook regarding a new transfer fee that builders would like to impose on new construction.
As orginators of new homes, they would like to impose a 1% transfer fee each 
time a house is sold regardless of how many times it is sold up to 99 years.
The future 1% transfer fee would not be able to be negotiated when the house is sold by seller, in fact if the homewoner does not agree to pay the transfer fee out to a 3rd party trustee the sale of the home can be blocked.
This is not a government mandated tax, but rather a builder imposed fee. I certainly don't know if I would ever want to buy a house knowing that when I sold it there would be yet ANOTHER fee taken from it, on top of everything else.
I am sure any builider would want to be on the receiving end of this deal, a life time worth of earnings on all the houses they build.
I know some builders are hurting right now in this market but I don't think imposing a transfer fee is the way to go about keeping the lights on. The market is down right now, what happens when home values start to rise, can you imagine what that transfer fee would be in 10-15 years on new homes built now?
Here is the article from the Washington Post
Comments(3)