ALL home buyers and sellers want to know what the real estate transfer taxes and closing costs will be.
I found a list of every state’s real estate transfer taxes, from the National Conferences of State Legislatures. I checked the real estate transfer taxes for New York and it was not quite accurate, it left out the exceptions, and did not tell you which party was responsible for the tax. Uggh. This information is essential for home buyers and sellers. Does anyone know a better aggregate source?
Blogger Tip: If you are a real estate broker or agent, do a post on closing costs, with a breakdown of real estate transfer taxes, and estimated costs, and put it permanently in the sidebar. Every serious buyer or seller will click it. You betcha. It’s a good way to market your real estate expertise.
Technorati Tags: real estate transfer taxes, closing costs, buyer, seller, home, marketing, real estate agent, broker, blog
What the list also doesn’t say is that the transfer tax in Northern Virginia is on the rise. Starting January 1, 2008 it will go from $1/$1,000 to $5/$1,000.
I like your idea. Providing this information would be an informative post. It is not uncommon at all for people in Massachusetts to not realize they pay a stamp tax when they sell their home. Currently the tax is $4.56 per thousand. This can be a substantial amount of money that is taken from the bottom line.
Every real estate broker and agent has been asked that question over and over. Seems natural to put a breakdown of closing costs on your website and blog for your readers. Seems just as useful as a mortgage calculator.
Thanks for stopping by Metrowest MA.
Great post. What’s not showing is many local municipalities have their own “transfer tax”. I’m intimate with this as Wisconsin’s Legislature almost passed a DOUBLING of our tax from $3.00 per $1000 in sale price to $6.00 per $1000. Fortunately, and thanks to the lobbying efforts of our state association and our members, it didn’t get included in our state budget.
LOVE the idea of adding a sidebar to the blog.
Thanks!