![]() |
|
| *The Commerce Journal>>>Renting & Real Estate |
Anyone know about real estate? |
Does the seller or the buyer have to pay taxes and attorneys fee if you sell a house. Also how much are the attorneys fee? Typically, the Buyer pays the majority of the legal fees as most have to do with their protection in the sale and their loan. The fees vary from state to state but on average count on between $400-$750. Taxes and attorney fees are usually payed by the seller. However there are alot of people negotiating the details of such in the final costs of the house known as closing costs. The seller MAY have to pay federal taxes on the gains if they lived in the house less than two years or sold for over $500k the original cost. The buyer may be responsible for state or local taxes, depending on where you live. Attorney fees are only if you hire an attorney. Attorney's fee's are subjective and no one here can answer that. As for who pays, depends on the contract to purchase is written. Those are items that can be negotiated. Buyers & seller each have their own closing costs. A buyer's are typically 3% & a sellers are about the same, unless there are real estate agents involved, then the seller's would be about 9%. |
| Tags |
| Germany Taxes Canada Taxes Australia Taxes Small Business Renting & Real Estate Personal Finance Investing Insurance |
| Related information |
Time to move on, Time to let go. ...Go to your online county web site and see if you can pay your property taxes online, if you can click on that and write the address as if you are paying, since it's public info anyway, the nam... I know exactly what you mean! Ugh, DC is right up there with New York rent. How 'bout instead of renting a apartment, he rents a basement? In Giant and Safeway and laundry mats (which unfortun... I don't know if they are the best; but, when I did my refinancing of my home, I only trusted the mortgage companies that are associated with the large real estate companies or the banks. So, y... In my town, city, you have to file a freedom of information form out to get that info, This is even if you own the property. I did that on a unit in dispute on zoning clause grandfathered in, and t... It is going to be hard. Most apartments will not even accept applications from someone under 18 years. To most landlords a teenager means parties,loud music and general trouble. Most of your nic... It is for the lender's protection. If they say they won't lend to you without it, you have to do it or find a different lender. ...... |
Commerce Categories--Copyright/IP Policy--Contact Webmaster |