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Why I as a seller paying transfer taxes in NC

by Leytebird269 from , California. Feb 8th 2017 Reply

William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,726 contributions

In most all situations, it's the seller who pays for transfer taxes.. but like every line on a real estate contract, it's all negotiable.. If you look over your paperwork you received when you purchased the property, you will see that the seller probably paid the transfer taxes when you bought.. (if you used a competent agent,) I'm a preferred Lender with Arizona and California being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

Feb 9th 2017
Larry Gray (lgray_312_247)
#594 ranked lender in California - 1,139 contributions

Sometimes it is mandatory the seller covers 100%, and other times 50-50. It can be negotiable if a county does not designate who pays it. In San Francisco it is so high, generally the seller covers it all. It is generally no big deal for the seller to pick up as you just make sure you get your bottom line in funds back to you in the sales price minus any costs you incur (i.e. sales commission). Commissions are where your highest cost come in. In California most any top realtor will agreed in negotiations to a 5% instead of the customary 6%. Thus, you see plenty of sales with 5% commissions. There is so much that is negotiable and sometimes the transfer tax is negotiable.

Feb 14th 2017
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