Quote:
Originally Posted by Alaska Butch
Transfer fees. Interesting. Regular taxes stop for the seller the day before the closing and the buyer begins paying taxes the day they close. Transfer fees are an additional fee charged over and above the agents feee to do paperwork, run to the county with the paperwork to change the ownership at the county etc. You can negotiate this provided you know about it in advance. You can shop around for different agents or if you act as your own agent, for a title company that offers a reasonable or no transfer fees.
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Not true. The transfer fees are paid to the Government, not to the agent or the title company. In Florida, they are set at 0.7 percent of the sales price. There is no way to reduce or eliminate them. They are listed as "Government recording and transfer charges, State tax/stamps" in section 1200 of the standard settlement statement. The money goes to the Government. The only thing that may be negotiable is who pays for them.