Real Estate Closings
Well it finally happened. We finally closed on the stupid building we were selling.
The fact that we closed on the building does not necessarily mean that we walked away with any money. By the time the attorneys got through with us, we were lucky to leave with our skin intact.
For those of you who have bought or sold real estate you know what I'm talking about. How about the $901.50 realty transfer fee to record the deed. Don't we pay real estate taxes to the county to pay these people to work? Isn't filing a deed part of their work?
This particular transaction had four lawyer fees. And then as if they didn't charge enough in their fees, they also charge for their expenses: telephone, mailings, copies, faxes, etc. Why doesn't that come out of their fee?
We sell vitamins. What if I went to a customer and gave him his bill for the product and then I gave him another bill for the gas and tolls to deliver the product? I don't think so.