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Goldman, Monaghan, Thakkar & Bettin, P.A.
  • Home
  • About
    • Frequently Asked Questions
  • Attorneys
    • Mitchell Scott Goldman
    • Matthew J. Monaghan
    • Jay R. Thakkar
    • Bradly Roger Bettin, Sr.
    • Katie Rallo
    • Kevin P. Markey
    • Monica Pritchard
    • Stephanie Parsons
  • Practice Areas
    • Business Law
    • Commercial Litigation
    • Criminal Defense
    • Estate Planning
    • Family Law
    • Immigration Law
    • Injunctions / Restraining Orders
    • Personal Injury
    • Probate And Trust Administration
    • Real Estate Law
    • Wills And Trusts
  • Blog
  • Contact
  • Client Payment
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  5. Sharing the “Love” of Closing Costs

Sharing the “Love” of Closing Costs

by Goldman, Monaghan, Thakkar & Bettin, P.A. | Jan 26, 2025 | Firm News

I currently represent a Seller in a commercial real estate transaction.   The sales price is $1,500,000.00.  The standard commercial contract and custom provides that Seller pays the costs associated with the documentary stamps on the deed, $10,500.00, and the title insurance, $6,500.00.  The Buyer typically pays the costs associated with obtaining a loan, unless there is no third-party financing.  However, the Seller is requesting that the Buyer share the costs of the documentary stamps on the deed and the title insurance.  Sometimes a buyer will agree to do so, sometimes not.  As the Seller, you can always ask.  Perhaps a better strategy is to build this cost into the sale price.

Mitch

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