What is 2% Withholding in real estate transactions?

The Barr TeamInfo for Home Sellers, Info on Real Estate Transactions Leave a Comment

Henry Barr explains 2% Withholding Some people are asking about what a 2% withholding tax is…it’s really not a tax it’s just a 2% withholding of the full sales price for the title companies to keep so they can submit to the State Treasurer’s office at the end of the year to make sure that out of state owners who …