Saturday, October 8, 2011

Real Estate Transfer Tax in New York State NY - To be paid by seller or buyer?

I am considering purchasing a home in Nassau County, Long Island (New York State). However, I would like to know if I am supposed to pay the Real Estate Transfer tax, or if the seller of the home is. The house is brand new construction, and we are purchasing it straight from the builder. Thanks.

Chosen Answer:
I am in the same boat, the person I am working with said we (buyer) would have to pay the transfer tax since it is a new construction, usually the seller is the one who would pay it since it is an old house. They quoted that we

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