Who Typically Pays the Transfer Taxes?

[Eric Miller]

Hi All,

I've been going back and forth with negotiations for a lease option and I was wondering if anyone can shed light on who customarily pays for transfer taxes when a home is being sold (through lease option if that matters) the BUYER or the SELLER? Please advice. 

Thanks,

Eric

[Wayne Brooks]

That will be state specific as to standard practices.  Of course it shouldn't be due until the actual deed transfer.  In most markets I believe it would be traditionally the seller, but of course negotiable.