What Is Michigan Real Estate Transfer Tax? Be sure to subscribe to her YouTube channel for all your real estate tips, home tours and advice.
One of the closing costs that a seller will have when it comes time to close on the sale of their property is what’s called transfer tax. And transfer tax is the tax that’s charged to the seller in order for them to transfer the property from themselves to the new buyer.
And basically, the higher the purchase price, the higher the transfer tax is going to be. So if you have any questions, please leave comment below. Please share with anyone you think it’d be helpful to. And as always, close with Patrice.
This has been “What Is Michigan Real Estate Transfer Tax?” by Patrice Henderson of Designed Living Real Estate. Be sure to subscribe to her YouTube channel for all your real estate tips, home tours and advice. If you’re considering selling your home, be sure to schedule your FREE listing consultation here and/or learn more about the selling process with our home seller tips. If you also need to buy a home after or before selling your home, you can schedule your FREE buyer’s consultation here.
If you just want to get a home evaluation or know what your home may now be worth, still schedule your FREE listing consultation. Check out more home seller tips and home buyer tips to learn more on the home selling process and home buying process as well and feel free to reach out to us should you have any questions or concerns or want us to help you with your real estate needs at (248) 780-2518. We are always happy to educate and help our clients through designing the right real estate solutions so they can live the life they desire.