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what does it mean when it states/////// buyer must pay transfer taxes and stamps?

i was looking at a house in staten island ny and when i went to view the details, it stated the above ...
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January 16 - Staten Island
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Answers (4)

This means the buyer is responsible for paying these taxes in addition to closing costs.  Those rates depend on the purchase price of the home.
Hope that helps.
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February 24
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its in staten island new york not nc as specified
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January 17
The poster is in NY, not NC. That said, the buyer usually does not pay the transfer taxes unless the value is over $1,000,000. You will have to pay the mortgage recording tax among a magnitude of other fees. New York has by far the most fees of any state I do business in (18 states). 

When the property says buyer must pay, this either means it is bank owned, the seller does not want to take a hit on these taxes, or is exempt. In this case, if you want the home, you would need to pay it. It is computed at $2 for every $500, or .4%. 1% for homes with a $1,000,000 value or higher. 
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January 17
In NC tax stamps are basically an excise tax (sales tax) paid to the county where the home is located.  This is usually a seller paid expense.  It appears they would like to pass that expense onto the buyer in this case.

I'd speak to a local Realtor or Real Estate attorney to be sure in your area.

Best of luck
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January 17
 
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