Here’s the issue: Most private transfer fees increase costs to buyers and sellers, can be difficult to discover, and offer no benefit to property owners. Private transfer fees can also affect a property’s marketability and cloud its title.
What this means for you: The new law prohibits most future private transfer fees on real property and provides clarity and disclosure requirements to properties with existing private transfer fees. These measures mean fewer surprises for buyers and sellers and one less thing to derail a transaction.
To find out more about homes in the Austin area, click here.
No comments:
Post a Comment