Private Transfer Fee Covenants: WTF???

[MikeJaquish]

Originally Posted by manderly6

Take two comparable houses. One has this fee and one doesn't. What would entice someone to buy the house with the fee? The only thing I can think of is a lower sales price.

Right!

"Price fixes all deficiencies."
I have been thinking that ever since the thread was started.

[cheryjohns]

We have one subdivision in Houston that is utilizing it. It has killed the sales in the neighborhood. Buyers just go to the adjacent other 4 subdivisions and buy there instead. Dumb, dumb, dumb. The only way a seller has to deal with it is lower his price accordingly. It still presents a problem because the buyer knows it will hamper HIS sale later on.

[Zyngawf]

As if things weren't confusing enough already.