What is 2% Withholding in real estate transactions?

The Barr Team Info 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 …

What is a Transfer Tax?

The Barr Team Info for Home Buyers, Info on Real Estate Transactions Leave a Comment

Henry Barr explains a few key points about transfer taxes… Some people have asked me about “What is a transfer tax?” We are starting to see more and more of the transfer taxes here in Summit County. They are normally put into place by municipalities or taxing entities that want to collect upon each sale that occurs every time the …

3 Minute Market Summary – August 2015

Kate Marrone Market Stats, Monthly Newsletters Leave a Comment

Sales Strong & Under Contract Activity is Soaring! Sales continue to be brisk and, as shown in the video above, are up about 15%. Under contract activity is soaring to the tune of +31% over this time last year! And prices, well the video separates sales and prices by town where sales are up across the county and prices are …