Sunil Sethi Real Estate
In Alameda county it is the Seller who should pay.
However, everything is negotiable.
Many Bank owned properties, require from a Buyer to pay for the transfer tax, as they are getting it
For 25-30% less.
Good answers below. As stated, you can pay for whatever you wish as long as it shows up on the HUD1 at the end of the transaction. In fact, in some cases, (some REO or short sale transactions), the seller will insist on the buyer paying as a point of the contract. However, another question would be, â€œWhy would the buyer WANT to pay for the transfer tax?â€
If it becomes a deal breaker, then who ever pays for county and/or city transfer tax is negotiable
To see what the transfer taxes are for Alameda and Contra Costa counties, see http://www.bayeast.org/gov/transfer-tax
There are customary practices, but things like transfer tax are always negotiable. However, from a negotiating perspective we find it's easier to negotiate items that are not contrary to customary practices as informed buyers and sellers typically go into a transaction with expectations about these items and getting them off those expectations is more difficult than pricing or credits.
Lance King/Owner-Managing Broker
As you know everything is negotiable. There are standard practice of each country as to who pays what.
Buyers can pay transfer tax if it stipulated in the purchase contract. It may reflect a lower price paid for the property or it can be a short where lenders have bottom line and buyers pay for it or just part of the package deal.