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Answers (5)
- Jodie Francisco, "Jodie Francisco"
- Contributions:8
Typically the seller pays the transfer tax, but if this is a short sale, or the seller is having financial trouble, that could be reasons that they countered that back to you. Ask your agent to find out why they are asking you to pay that cost...and make your decision.
- Perfect Quarters
- Contributions:35
find out traditionally is responsible for paying the transfer tax in your state. your lawyer and or mortgage person would know. once you know who is responsible then, add this to the price of the property and see how you can get compensated for paying that extra fee if it is not your responsibility. Such as keeping the appliances etc. at the end of the day if paying the transfer tax is not your responsibility and you do pay it make sure your still happy with the property at the price you end-up paying for it and that you don't over pay for it in value to the market.
- Dottie Cammarasana, "dottiecamp"
- Contributions:32
Here in New Jersey - State Transfer Taxes are always the Seller responsibility.
- Chuck Stuparits, "chuckimagine"
- Contributions:5
I don't know about CA, but if you were in Chicago, It's 10% of the sales price so could be a big deal Contact an Attorney ans see what the transfer tax would be.
Chuck Stuparits
Imagine Realty
Oak Brook, IL
Chuck Stuparits
Imagine Realty
Oak Brook, IL
- Chuck Stuparits, "chuckimagine"
- Contributions:5
I don't know about CA, but if you were in Chicago, It's 10% of the sales price so could be a big deal Contact an Attorney ans see what the transfer tax would be.
Chuck Stuparits
Imagine Realty
Oak Brook, IL
Chuck Stuparits
Imagine Realty
Oak Brook, IL
we were countered back with terms that include that we will pay the transfer tax. any worries?
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