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Glenn Gonzal…, Real Estate Pro in Pleasant Hill, CA

can the buyer pays for county transfer tax?

Asked by Glenn Gonzales, Pleasant Hill, CA Tue Aug 10, 2010

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Steven Fong’s answer
The buyer can pay for the county transfer tax if it is agreed to in writing. Although it is customary for the seller to pay, it can be negotiated.

Steven Fong
REALTOR
Sunil Sethi Real Estate
0 votes Thank Flag Link Mon Jun 27, 2011
Hi Glenn

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.

Perry
0 votes Thank Flag Link Sat Jan 8, 2011
It's negotiable between buyer and seller.
0 votes Thank Flag Link Sat Jan 8, 2011
Glenn:

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, “Why would the buyer WANT to pay for the transfer tax?”
.
0 votes Thank Flag Link Thu Aug 12, 2010
The buyer can pay for whatever they agree to. However the norm for Alameda county is that seller pays. However norms are subject to negotiation
Web Reference: http://www.sunilsethi.com
0 votes Thank Flag Link Tue Aug 10, 2010
In Alameda County, it's customary for the seller to pay for the county transfer tax. If there is a city transfer tax, it is generally split 50-50 between buyer and seller. But "customary" can also mean "negotiable".

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
0 votes Thank Flag Link Tue Aug 10, 2010
Hello Glenn,
Yes, the buyer can pay. it is negotiable.

However, seller almost always pays the county transfer tax.
if there is a city transfer tax, that is split 50 / 50.

Brian
0 votes Thank Flag Link Tue Aug 10, 2010
Hello Glenn,

This is a negotiable item. But keep in mind what other offers are on the table when you attempt to negotiate.
Good luck. :)

Kamal Randhawa
Broker
510-932-1066
0 votes Thank Flag Link Tue Aug 10, 2010
Glenn,

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.

Best Regards,

Lance King/Owner-Managing Broker
lance@fixedrateproperties.com
415.722.5549
DRE# 01384425
0 votes Thank Flag Link Tue Aug 10, 2010
Hi Glenn,

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.

Good luck!

Charo Bhatt
510-381-2105
CharoBhatt@gmail.com
http://www.HomesByCharo.com
0 votes Thank Flag Link Tue Aug 10, 2010
In Alameda county, it is customary for the buyer and seller to share 50/50 for the county transfer tax when in a purchase transaction. That is not to say that the buyer cannot pay the full county transfer tax. It all depends on what the agreed terms are between the seller and buyer. Check your purchase contract to verify who pays this.
0 votes Thank Flag Link Tue Aug 10, 2010
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