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B-227567 1 (1988-08-26)

handle is hein.gao/gaobadnes0001 and id is 1 raw text is: The Comptroller General of the United States Washington, D.C. 20548 Decision Bradley M. James - Real Estate Expenses - Matter of: Closing Costs File: B-227567 Date: August 26, 1988 DIGEST A transferred employee may not be reimbursed for the buyer's closing costs he paid in the sale of his residence in the absence of evidence that such costs were customarily paid by the seller in the locality at that time. DECISION Mr. Bradley M. James, an employee of the Army Corps of Engineers,l/ transferred to a new duty station in September 1983, and he attempted to sell his residence located in Savannah, Georgia. Mr. James states that due to depressed real estate market conditions in Savannah, he was unable to sell the property until May 1986, that he only received one offer of purchase during this 2-1/2-year period, and that the purchaser was insistent that Mr. James absorb the closing costs. In order to complete the sale of his residence prior to the 3-year period allowed for reimbursement of real estate expenses, Mr. James paid all closing costs at settlement. The Corps of Engineers disallowed those expenses normally paid by the buyer (title search, title insurance, lender's appraisal fee, credit report, and loan origination fee) based upon a survey of the Savannah area which showed that although sellers were beginning to agree to pay closing costs, it was still the custom for the purchaser to pay such costs under a conventional loan financing agreement. 1/ This decision is in response to a request by Mr. Carnage B. Harrison, Finance and Accounting Officer, Corps of Engineers, Department of the Army. The Per Diem, Travel and Transportation Allowance Committee assigned control number PDTATAC 87-8 to the case.

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