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TRANSFER FEES - Realtor Perspective and Property Management View
TRANSFER FEES: REALTOR PERSPECTIVEIt seems there are several new fees cropping up (just like taxes), that affect the value of your real estate. You may not notice them until you sell, but they could lessen the value of the house you live in. The following explains why.We have always had deed recording fees, one type of transfer fee.While most of these monies go to the state, some go to the county. Many people are familiar with the Town of Hilton Head Island's transfer fee, which remains on the island. It's hard to guess how much the former adds to the value of your property, but it's easy to drive around the area, see the open spaces the Town has purchased, and realize the value added to all properties by our local transfer fee.A third type of fee has recently been imposed by more and more planned unit developments (PUDs), and some fees are very high ($15,000 or more). If you are considering buying property in a PUD, you should ask about these fees. They should be listed on the Residential Property Disclosure Statement, Item 21, supplied by every seller.The fees are used to pay for capital improvements, enhancements, maintenance of common ... more

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