Savannahjo 0 Report post Posted October 17, 2017 Greetings friends. After over 7 years on this site, my wife and I are selling a property and I wanted to get a feel for sellers fees and specifically if it is standard for the seller to pay for the taxes on the real estate commission for the broker. I can see generally there are taxes paid for that, but not who is responsible and I am thinking since it is not specially called out it is just something the real estate person pays themselves? Quote Share this post Link to post Share on other sites
Savannahjo 0 Report post Posted October 31, 2017 So, after some research, it is pretty common that the seller pays the tax on commission. We negotiated that out and will pay 7%. There is always great debate on this forum of renting vs buying. We just accepted the SPA (Sales Purchase Agreement) rom the buyer and have sold (or the buyer will forfeit the deposit) our property for 106% of what we purchased it for 7 years and 5 months ago. Great investment, a special property and now onto the next one! Quote Share this post Link to post Share on other sites
costaricafinca 0 Report post Posted November 1, 2017 Glad it has been a positive experience! Quote Share this post Link to post Share on other sites
jcparsons 0 Report post Posted April 26, 2019 If there is no realtor involved what fees does the seller pay other than attorney fees? What is the common percentage for attorney fees for the seller? Quote Share this post Link to post Share on other sites
David C. Murray 0 Report post Posted April 26, 2019 I don't think there are any hard and fast rules about the transaction fees, taxes, etc. A practical approach would be to get your attorney, not theirs, to give you a firm estimate of what all the costs will be to sell/buy the property in question. Then you can negotiate an arrangement with the other party. Quote Share this post Link to post Share on other sites
Epicatt2 0 Report post Posted April 26, 2019 1 hour ago, David C. Murray said: A practical approach would be to get your attorney, not theirs . . . JCP, This is critically important advice from David. Do not ever use the seller's attorney; you want your own attorney who's working for YOU! And still, you do need to thoroughly vet any attorney whom you intend to use. OK — HTH Paul M. == Quote Share this post Link to post Share on other sites
costaricafinca 0 Report post Posted April 30, 2019 If 'someone' has provided information on the property, leading to a sale, the law says that this person is legally entitled to be paid a 5% 'commission.' Quote Share this post Link to post Share on other sites
