OfflineI feel silly asking this but could someone tell me the
meaning of property "transfer value."
__________________
What do " transfer value" mean
Posted on: Tue, 02/08/2011 - 12:27
What do " transfer value" mean
-
- by billywilliams
- Login to post comments
Bump
"You're never too old to be what you were meant to be!"
www.deangraziosi.com/real-estate-forums/investing-journals/59128/day-for...
"Shining Like a Star & Dancing on Sunshine"
"Shoot for the moon! Even if you fall short, you'll still land among the stars!"
Karen,
Did anyone ever answer this? I searched the website and came up with answers that are located in the glossary of RE terms... WAAAAAAY too many pages to read through to find the post that came up in the search.
What is transfer value? Could you please let me know?
Thank you
PHAMILY Business REI
The Transfer Value of a property refers to the amount of money for which a property is sold to a new buyer of the property. There is a tax imposed on this new value which is called a real estate transfer tax. This is a tax levied on the sale or transfer of real estate from one owner to another new owner. This tax is imposed on the seller of the property. Hope this helps. Good luck. Believe and Achieve!
- Joe
YOU TUBE CHANNEL - Follow me on my You Tube Channel at Joe Jurek Real Estate Investing Adventures
https://www.youtube.com/channel/UCiko62V79zLKX_owbirAYNA
TWITTER - Follow me on Twitter at Joe Jurek CPA
Joe Jurek CPA
https://twitter.com/JoeJurekCPA