I am looking to buy new construction of townhouse and surprised to see that seller passes following fees to buyer in closing costs:Impact Fee - Water: $1129Impact Fee - Waste Water: $2554City Development Review: $8128Environment Review: $275Water Connection: $775Electricity Connection: $112950% Credit for City Development Review: ($4064) Total: $15,426 - $4,064 = $11,362Plus they already want to charge buyer builder fee that is 1.75% of purchase price.I know everything is negotiable but I have never seen that buyer paying any of these impact fees, review fees and utility connection fees (If so, why don't sellers charge buyers soil test, elevation survey, architectural drawing, pluming permit etc.?

The buildings have elevators, another nice feature.

Because of this I am not too worried about a real estate crash, although I don't exclude a correction, especially if interest rates continue to stay elevated in 2024.Curious to hear your thoughts on this and how/if this is affecting your investment strategy.Thanks,AntonioFigure 1 (source: St.

“Of course, that’s likely dependent on the extent to which mortgage rate expectations are met with actual mortgage rate declines.”At 6.56 percent on Dec. 29, rates on 30-year fixed-rate mortgages ended the year down 1.27 percentage points below a 2023 high of 7.83 percent registered on Oct. 25, according to daily loan lock data tracked by Optimal Blue.But Palim cautioned that even if mortgage rates keep falling, economists at Fannie Mae continue to believe home sales will post only modest gains in 2024, with elevated home prices continuing to pose affordability challenges for first-time homebuyers and others.The Fannie Mae Home Purchase Sentiment Index (HPSI), which distills six questions from the National Housing Survey into a single number, increased 2.9 points in December to 67.2, in large part because of rising consumer expectations that mortgage rates will continue to fall.While only two of the index’s six components improved from November to December (mortgage rate expectations and buying conditions), the HPSI is now up 6.2 points from a year ago, and 10.5 points above an all-time low of 56.7 registered in October 2022.The survey also showed that consumers are less certain home prices will continue to go up.

I can share more detail if needed, but the legislation is going to require some of the following: Trash enclosed with trash service, decibel meters to measure sound, cameras, electronic locks, 24/7 response from management, and they are wanting to see improvements done to any properties purchased both inside and outside with approved site plans/elevation certificates. 

Also you will be Drive up versus buggy/elevator.

Many times we find the building was built elevated above the floodplain. 

One thing about the property is that it needs a new septic system in place however it will need to be an elevated system meaning there will be able a 4ft mound above grade from the rest of the backyard that covers a large portion of the yard The thing about this is that it won’t get done until after closing since the seller doesn’t have the cash to pay for it and wants to do a 1.5x price hold back on it so I’m not able to see what it will look like aside from the blue print that the contractor gave us it until after closing.Has anyone had an experience or stories with these elevated septic systems being a big issue or something that would prevent the house from selling?

It is important not to leave elevated chlorine levels in the water as well as to not drink or cook with the "shocked" water as that can have health hazards as well.Best of luck!

Percent of units owned by a single entity is something else to watch out for, lifespan of major building systems, elevators, roof, boiler, facade, etc.