1.
Verify with your attorney, insurance broker, and mortgage banker.
$200-$500.
Now around $400-500.
Negotiable usually between $1000-2000.
Attorney handles – usually around $100-200.
Attorney handles – usually $325 per $100,000.
Determined by your lender.
Buyer reimburses seller for any real estate taxes they have already paid.
Varies with closing date – you may pay more for a longer closing.
Will be a condition of your loan and it must be in place on closing day - so ask around for brokers and consider putting all your insurance with one company (house, cars, umbrella policy (if needed) as grouping them can yield considerable discounts.
Fully negotiable
$1000 - $2000.
0.75% for the first $800,000 of the selling price of the property, and any amount between $800,000-$2.5M is taxed at a rate of 1.25% and any amount over $2.5M is taxed at a rate of 2.25%.
TOWN/LOCAL - ASK VERONICA
Estimated $10-20.
Unpaid Real Estate Taxes due the date.
Unpaid Balance on Mortgage due the date.
*Exemptions: The law exempts various types of transactions from the state and local tax, including the following: 1. transfers between spouses; 2. conveyances pursuant to certain court decrees, including as a result of (a) an annulment, dissolved marriage, or legal separation or (b) foreclosure by sale; 3. transfers of property to any nonprofit organization organized to hold undeveloped land in trust for conservation or recreation purposes; 4. deeds made pursuant to corporate mergers; 5. transfers of a principal residence where the gross purchase price is less than the total amount the seller owes on the property for mortgages and tax liens (i.e., “short sales’); and 6. transfers of certain principal residences with concrete foundations that have deteriorated due to the presence of pyrrhotite (CGS § 12-498, as amended by PA 19-117, § 336).
1.
You pay for any gas/oil left in sellers tanks based on a reading right before closing.
2.
Varies based on the complex.
3.
Varies – Some roads are private (has to do with the width of the road) and they have either formal or informal homeowners’ associations to care for the road, rules and plowing. Fees are usually nominal.
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