Now back to your question about new construction. I have just sold a new construction and represented the buyers in the transaction. The seller tried in their sales agreement to make the buyers pay for the transfer tax which we fought and finally had the seller agree to pay.
All things are negotiable. I have seen contracts where a seller will pay the buyers luxury tax in order to make the deal go. I have mostly seen that when the sales price was 1.050M, and the buyers were considering looking at properties under 1M to avoid the luxury tax.
Rich Visotcky, Esq.
Are you referring to a private transfer fee, or transfer tax? There is a big difference...just to clarify...especially since you are referring to new construction...
Refer to: http://www.realtor.org/rmomag.NSF/pages/frontlinesledesep07