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Notice of Assignment of Contract for Deed New Hampshire Form

Notice of Assignment of Contract for Deed New Hampshire Form

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hi my name is Rachel kith and I'm a closing agent here at Accurate title and today we're going to talk about transfer tax in the state of New Hampshire when you sell or purchase a property there is a required transfer tax stamp that's paid as part of your closing costs that transfer tax is 1 and a half% of the purchase price of the property and is typically split evenly between buyer and seller unless otherwise negotiated in the purchase and sales agreement let me break it down for you let's say for example the purchase price of the property is 400,000 we're going to times that by 1 1.2% which is going to equal $6,000 now this is the total transfer tax where it's typically split evenly between buyer and seller we're going to divide that by two and that's going to equal $33,000 paid by the buyer and $3,000 paid by the seller

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