Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 16 years ago,

User Stats

619
Posts
75
Votes
Terry Royce
  • Real Estate Investor
  • Baltimore, MD
75
Votes |
619
Posts

Negotiating after the contract is signed.

Terry Royce
  • Real Estate Investor
  • Baltimore, MD
Posted

Ok, so i have my contract assigned, and my end buyer has now stated that she was unaware that she had to pay all closing costs, which she was, however I assumed she knew. She said she is not paying more than half of the transfer taxes and always splits them with the seller. and she does have a way to get out of the contract.

My question is should I offer to pay half to make sure the deal goes through, tell her no and see what she says/does. I had several other people that are interested and am only into day 3 of my 45 business day contract with the sellers, should I just market to them?

How are your deals normally structured, do the end buyers always pay all of closing costs or do you sometimes structure it differently.

If i pay half the transfer taxes I am probably looking at about 1700-2000 dollars.....

I also don't want to have no buyers, and end up with no assignment fees.

The only thing I have been able to come up with is that if I give up 1800k in transfer taxes, I should have her renegotiate the assignment contract so that I get a 2k deposit (thus voiding the 1k deposit she already gave) and have her sign an new assignment contract with no financing clauses. My only question if I did this is how do I void the old assignment contract that I forwarded to the title company.

What would you all do?

Loading replies...