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Updated almost 5 years ago,
Assigment of agreement of sale - double transfer taxes
Good evening, I really need some advice. I am buying a property in PA, while it is not my first time buying houses in PA it is the first time that I am buying one from a wholesaler. I received the document and I have forwarded them to my title search company which i have been doing business for years. The title company lady told me that I will have to pay for double transfers taxes, I am not sure why. She said according to the state of PA, if your are buying from a wholesaler, the buyer will pay for double transfer taxes. I really want to do the deal because it is a good deal but I am trying to see how can I do it. Maybe I can minus the taxes from my offer. Also the wholesaler wants me to use his title company instead of mine, I don't feel comfortable doing that since I feel like I will not have anyone represent me if I do that. Any input will be appreciated. Is there anyone out there that has done a deal like that, buying from a wholesaler in Pennsylvania? If so, did you have to pay twice for transfer taxes? Should I be ok to use his title search company instead of mine?