Private Transfer Taxes for New Home Buyers

By
Real Estate Agent with Specialists Real Estate

An article in Realtor Magazine highlighted a new form of tax emerging from new home sales. Environmental groups, affordable housing associations, and private companies are pushing builders to include fees, for as long as 20 years, to help support their needs. Builders are able to win support from these groups who would otherwise stand in their way and oppose building and material use. In the end, buyers will pay for the fees. Some see it as a form of extortion. It is an unregulated form of taxing and could be risky for many.

Buyers should make sure they are represented by a real estate agent so appropriate information can be communicated.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Tags:
general real estate news

Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the cloud to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainer
134,179

Darren Hildreth

Realtor - Las Vegas Real Estate Agent
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the leaf to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information