{"id":4075,"date":"2017-07-11T10:37:46","date_gmt":"2017-07-11T14:37:46","guid":{"rendered":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/?p=4075"},"modified":"2017-09-12T10:41:11","modified_gmt":"2017-09-12T14:41:11","slug":"act-quickly-to-avoid-new-tax","status":"publish","type":"post","link":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/act-quickly-to-avoid-new-tax\/","title":{"rendered":"Act Quickly to Avoid New Tax"},"content":{"rendered":"

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If you are considering buying a home, you should act quickly to avoid additional taxes.\u00a0 As Part of the New Budget, the Real Estate Transfer Tax will go up 1%.\u00a0 To Avoid this Tax Increase, you must be Under Contract to Purchase Real Estate “PRIOR” to\u00a0August 1st<\/span><\/span>.<\/span><\/h4>\n

Sellers are affected too! Transfer taxes are split between Sellers and Buyers – so the impact of the 1%\u00a0increase is shared by both parties.<\/span><\/h4>\n

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*Despite the raise in this \u201cone-time\u201d Tax \u2013 the market here is very brisk for so many reasons . . . \u00a0<\/span><\/em><\/strong><\/h3>\n

No Sales Tax, No Personal Property Tax, No Tax on Social Security, Crazy Low Real Estate Taxes, and did we mention THE BEACH?<\/span><\/em><\/strong><\/h3>\n

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Examples:<\/span><\/strong><\/h4>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/4″][vc_single_image image=”4077″ img_size=”medium” alignment=”center” onclick=”custom_link” img_link_target=”_blank” link=”https:\/\/sellingdelawarehomes.com\/featured-homes-in-delaware\/rehoboth-beach\/single-family-home\/11-patriots-way-720346″][vc_column_text]<\/p>\n

11 Patriots Way, Rehoboth\u00a0<\/strong><\/span><\/a><\/p>\n

$865,000<\/strong><\/span><\/p>\n

MLS #720346<\/strong><\/span><\/a><\/p>\n

If this home goes Under Contract prior to\u00a0August 1<\/span><\/span>\u00a0\u2013 the Total Transfer Tax would be $25,950 (3% split between Sellers and Buyers).\u00a0 After August 1st<\/sup>\u00a0the Transfer Tax would be $34,600 (4% split between Sellers and Buyers).<\/span><\/p>\n

[\/vc_column_text][\/vc_column][vc_column width=”1\/4″][vc_single_image image=”4090″ img_size=”medium” alignment=”center” onclick=”custom_link” img_link_target=”_blank” link=”https:\/\/sellingdelawarehomes.com\/featured-homes-in-delaware\/rehoboth-beach\/condo-townhouse\/2-virginia-avenue-721057″][vc_column_text]<\/p>\n

2 Virginia Ave., #214, Rehoboth<\/strong><\/span><\/a><\/p>\n

$333,000<\/strong><\/span><\/p>\n

MLS #721057<\/strong><\/span><\/a><\/p>\n

If this home goes Under Contract prior to\u00a0August 1<\/span><\/span>\u00a0\u2013 the Total Transfer Tax would be $9,990 (3% split between Sellers and Buyers).\u00a0 After August 1st<\/sup>\u00a0the Transfer Tax would be $13,320 (4% split between Sellers and Buyers).<\/span><\/p>\n

[\/vc_column_text][\/vc_column][vc_column width=”1\/4″][vc_single_image image=”4079″ img_size=”medium” alignment=”center” onclick=”custom_link” img_link_target=”_blank” link=”https:\/\/sellingdelawarehomes.com\/featured-homes-in-delaware\/ocean-view\/single-family-home\/30479-assawoman-719959″][vc_column_text]<\/p>\n

30479 Assawoman Court, Ocean View<\/strong><\/span><\/a><\/p>\n

$399,900<\/strong><\/span><\/p>\n

MLS #719959<\/strong><\/span><\/a><\/p>\n

If this home goes Under Contract prior to\u00a0August 1<\/span><\/span>\u00a0\u2013 the Total Transfer Tax would be $11,997 (3% split between Sellers and Buyers).\u00a0 After August 1st<\/sup>\u00a0the Transfer Tax would be $15,996\u00a0(4% split between Sellers and Buyers).<\/span><\/p>\n

[\/vc_column_text][\/vc_column][vc_column width=”1\/4″][vc_single_image image=”4080″ img_size=”medium” alignment=”center” onclick=”custom_link” img_link_target=”_blank” link=”https:\/\/sellingdelawarehomes.com\/featured-homes-in-delaware\/rehoboth-beach\/single-family-home\/36524-harmon-bay-blvd-717228″][vc_column_text]<\/p>\n

36524 Harmon Bay Blvd., Rehoboth\u00a0<\/strong><\/span><\/a><\/p>\n

$423,000<\/strong><\/span><\/p>\n

MLS #717228<\/strong><\/span><\/a><\/p>\n

If this home goes Under Contract prior to\u00a0August 1<\/span><\/span>\u00a0\u2013 the Total Transfer Tax would be $12,690 (3% split between Sellers and Buyers).\u00a0 After August 1st<\/sup>\u00a0the Transfer Tax would be $16,920 (4% split between Sellers and Buyers).<\/span><\/p>\n

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Call Babs at 302-227-6101 for more details.<\/strong><\/span><\/h3>\n

[\/vc_column_text][vc_empty_space][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/3″][\/vc_column][vc_column width=”1\/3″][vc_column_text]\"sellingdelawarehomes_logo_high_res[\/vc_column_text][\/vc_column][vc_column width=”1\/3″][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

[vc_row][vc_column][vc_column_text] If you are considering buying a home, you should act quickly to avoid additional taxes.\u00a0 As Part of the New Budget, the Real Estate Transfer Tax will go up 1%.\u00a0 To Avoid this Tax Increase, you must be Under Contract to Purchase Real Estate “PRIOR” to\u00a0August 1st. Sellers are affected too! Transfer taxes are … Continue reading Act Quickly to Avoid New Tax<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":4272,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[32,30,12,31],"class_list":["post-4075","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-delaware-taxes","tag-real-estate","tag-rehoboth-beach","tag-taxes"],"_links":{"self":[{"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/posts\/4075","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/comments?post=4075"}],"version-history":[{"count":0,"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/posts\/4075\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/media\/4272"}],"wp:attachment":[{"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/media?parent=4075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/categories?post=4075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/tags?post=4075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}