It closes out the seller’s current loan so most sellers would be expected to pay it.
We are seeing some commercial sales at such a low price that the seller will pay for nothing. If the price is cheap enuf, the buyer can easily offer to pay for the “release and reconveyance” fee. Usually $95..
Real Estate Conveyance Fee?
.Who pays the conveyance fee in a commercial property sale transaction, the buyer or the seller ?
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2 comments - add yours
Ed Atun
August 27, 2009
golferwh
August 27, 2009
seller
