Alright so with house prices being outrageous in Sussex County Delaware US, my dad bought a piece of land in April. He is going to "fund" the build like a spec then sell it to me at cost.
Is there anyway to waive or circumvent the transfer tax for new construction (3.5%) for him at the building time besides waiting a year.
When I buy the house will I be paying that transfer tax again in closing? What is the cheapest way to do the closing part and such.
Thanks everyone
[link] [comments]
source https://www.reddit.com/r/RealEstate/comments/dpwzez/dad_is_building_house_then_selling_to_me_de/
Comments
Post a Comment