CyKat Posted September 25, 2007 Share Posted September 25, 2007 Although they are quite controversial they make the .05% transfer fee on resale homes sound reasonable. Another money grab?http://www.houstoneflyer.com/Archives2/5725-GGP/index.htmlI dont know how long the link will be available.CyKat Link to comment Share on other sites More sharing options...
lwood Posted September 25, 2007 Share Posted September 25, 2007 Although they are quite controversial they make the .05% transfer fee on resale homes sound reasonable. Another money grab?http://www.houstoneflyer.com/Archives2/5725-GGP/index.htmlI dont know how long the link will be available.CyKatSome condominiums charge the buyer a one time fixed amount when they purchase a resale. I have heard of one high rise that has a $2,500 fee. Link to comment Share on other sites More sharing options...
RedScare Posted September 25, 2007 Share Posted September 25, 2007 Given that new home construction depresses resale prices, in that potential buyers can buy new for the same price as buying a resale, and given that new construction will be occurring in this neighborhood for the next 20 years, adding an extra .5% to the cost of selling a home here sounds like a DISincentive for buying in the Bridgelands in the first place. Granted, many home buyers may not figure this out until they have already purchased there, but I would be none to pleased at having to pay extra to unload my house. No amount of "excitement" professed by the developer would make me think this is a good deal. It is merely an exit tax, one that the resident never gets the benefit of, since it is only assessed as you leave the neighborhood.How many ways can one spell RIP OFF. Link to comment Share on other sites More sharing options...
CDeb Posted September 25, 2007 Share Posted September 25, 2007 many home buyers may not figure this out until they have already purchased thereThat's what they're banking on. Link to comment Share on other sites More sharing options...
Guest danax Posted September 25, 2007 Share Posted September 25, 2007 It is merely an exit tax, one that the resident never gets the benefit of, since it is only assessed as you leave the neighborhood.Being Bridgeland they should just call it a one-way toll.I think they're taking this bridge theme too far. Link to comment Share on other sites More sharing options...
CyKat Posted September 25, 2007 Author Share Posted September 25, 2007 I just emailed the link to Nancy Sarnoff at the Chron. to see if she wanted to do a story on it since the developers think it's such a benefit. Do you think she'll run with it, or maybe she'll think it's no a big deal and ignore it, or do you think she will ignore it because she doesn't want to upset the developer?CyKat Link to comment Share on other sites More sharing options...
mrfootball Posted September 25, 2007 Share Posted September 25, 2007 Methinks that (given enough daylight) this will not be very well-received. People get dicked around enough today with hidden fees, licences, charges, taxes etc.Booooh! Link to comment Share on other sites More sharing options...
wakester Posted September 26, 2007 Share Posted September 26, 2007 It is insulting that they would try to make this as good thing. Link to comment Share on other sites More sharing options...
wxman Posted September 26, 2007 Share Posted September 26, 2007 So is this supposed to be another Woodlands, Sugar Land or Kingwood? Link to comment Share on other sites More sharing options...
pineda Posted September 26, 2007 Share Posted September 26, 2007 Isn't Bridgeland(s) owned by the same group of folks that bought the Woodlands out? Link to comment Share on other sites More sharing options...
h2obuff Posted September 26, 2007 Share Posted September 26, 2007 That's what they're banking on.If a homebuyer is dumb enough to sign a piece of paper work with out knowng the full intent of what they are signing or what it says, then it is thir own fault, nobody elses.In addition, this fee is present in many other developments around Houston (Summerwood, Telfair) and thhe country. Link to comment Share on other sites More sharing options...
mrfootball Posted September 26, 2007 Share Posted September 26, 2007 If a homebuyer iis dumb enough to sign a piece of paper work with out knowng the full intent of what they are signing or what it says, then it is thir own fault, nobody elses.In addition, this fee is present in many othher developments around Houston (Summerwood, Telfair) and thhe country.So, the homeowner can simply opt-out --- or Bridgeland loses a buyer? Link to comment Share on other sites More sharing options...
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