Home Buying in Mountain View>Question Details

Sumit Singh, Home Buyer in Mountain View, CA

Who pays country and city transfer tax in Mountain View, CA for new construction?

Asked by Sumit Singh, Mountain View, CA Sun Jul 22, 2012

I am about to buy a new townhouse at Mondrian (by Shea Homes) and would like to know who (buyer/seller) pays county (1.1/1000) and city (3.3/1000) transfer tax?

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Orion Partners’ answer
Congratulations on your new home, Sumit!

As always in real estate transactions, fees paid by each party are negotiable.

In Mountain View, *typically* the seller pays:

Documentary Transfer Tax ($0.55 per $500 of the purchase price), and
50% of the City Transfer Tax ($1.65 per $500 of the purchase price). Note that the buyer generally pays the other 50% of the City Transfer Tax.

Additionally, the seller generally pays the Title & Escrow Fees.

Always check your Real Estate Purchase Agreement to confirm your payment offer, and better yet, have a discussion with your Realtor before you submit your offer to see what makes sense for your situation.

Lori Orion, Broker Associate
Orion Partners @ DeLeon Realty
650.539.LORI (5674)
Web Reference: http://www.opartners.com
0 votes Thank Flag Link Mon Dec 3, 2012
usually paid by the seller unless disclosed buyer to pay transfer taxes
0 votes Thank Flag Link Tue Sep 4, 2012
Generally the Seller pays the City $1.10 per $1000 and the buyer and seller split the county $3.30 per $1000.
0 votes Thank Flag Link Sun Jul 22, 2012
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