A Texas based company ‘Freehold Licensing’ has been blamed for coming up with a scam to distort money for 99 years on your real estate. An attorney has come up with an idea of charging a 1% fee every time a house sells in the CC&R’s. When a seller goes to see their home, they will pay a 1% fee of the gross amount to the developer or builder. It is called a transfer fee. Apparently, some homeowner are not aware of it. Watch the video below for more information:

Video Courtesy of KSL.com

From the standpoint of having the opportunity of selling other people’s properties, it would hurt your ability to sell your property. If the majority is against a transfer fee, you will narrow your buyers. They will buy a home in a neighborhood without a transfer fee. Let’s find out if a transfer fee would hurt or help you sell your home. Take the poll now. Then leave a comment on how you feel.

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This entry was posted on Wednesday, July 15th, 2009 at 11:05 am and is filed under Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.