Let’s say an investor bought 10% of a property appraised at $1m today with a $100k investment. The very next day, the property owner sells the property for $1m and pays 6%, or $60,000 of commissions, leaving them with $940,000. If the investor shared in the closing cost proportionally, they would receive $94,000, representing a 6% loss on a property that didn’t lose any value. That isn’t fair to the investor, and we don’t want to attract homeowners who seek to offset their closing costs.
Want to print your doc? This is not the way.
Try clicking the ⋯ next to your doc name or using a keyboard shortcut (
Closing Costs