The seller is paying your 2% resort initition fee to save you money. What This Means for You: Direct Savings: Resorts often charge a one-time fee when a membership or property changes hands. Seller Concession: The seller agrees to pay this specific 2% fee on your behalf. Lower Closing Costs: You need less cash upfront to finalize the purchase. Is this bonus enough? NO! The location of this unit adds to your purchase decision and says it all. Just above the boardwalk with views of the marina, pier, lakeclub, boardwalk, lake simcoe and more. Cannot get these views from other buildings.