If a transfer fee allows a home buyer to get into a home for less money - realizing years later there will be a 1 percent fee to be repaid - then I don’t see a problem with this.
No problem as long as it is not buried in some document but rather fully disclosed and specifically accepted by the buyer.
Yup. So long as the entire transaction is disclosed - fully - so that everyone is aware of everything, then I don’t see the problem with that. If you don’t like it, further on down the road, then don’t buy the house.
Please point to the place where it says that it would allow a home buyer to get into a home for less money. The way I read it, the new buyer would pay the whole amount, and then pay 1% more when he sells the property, and it would go to the builder. Otherwise, the builder would get LESS money until the home is re-sold. If I misread something, please show me just where it was printed.
Note: I am not a lawyer, nor is any member of my family a lawyer, but I strongly urge people to be represented by a lawyer who specializes in real estate practice BEFORE they sign anything on a home purchase, even the orignial offer which usually merely includes a small amount of money to “hold” the sale until final papers are signed.