Howard County Raises Transfer Tax

 

Photo by Karolina Grabowska from Pexels

The new legislation is about half of the original amount proposed.

If you are buying or selling a home in Howard County, it’s going to cost you more.  The Howard County Council passed County Resolution 84, a bill that changes the property tax transfer cost from 1 percent to 1.25 percent. Another bill, CR85 which would have raised recordation taxes did not pass.

Property transfer taxes are paid when property is sold to another party and in certain circumstances when a homeowner refinances their home.  The Howard County Association of Realtors estimates it will raise the cost of an average real estate transaction by $1000. The new tax rate will apply to transaction that occur as of Jul. 1, 2020.

 

 

Realogy partners with Amazon on new Turnkey Buyer Program

Realogy is the parent company of several real estate brands, including Century 21.

Amazon and Realogy have partnered on an exciting new real estate program called Turnkey. The new program gives buyers that participate in the program between $1,000 and $5,000 dollars in Amazon Services and products for their new home.

“Customers can be overwhelmed when moving, and we’re excited to be working with Realogy to offer homebuyers a simplified way to settle into a new home,” said Pat Bigatel, Director Amazon Home Services. “The Amazon Move-In Benefit will enable homebuyers to adapt the offering to their needs – from help assembling furniture, to assisting with smart home device set up, to a deep clean, and more.”

To participate in the program, buyers will sign onto the Amazon program and then be partnered up with a Realogy real estate agent in their area. Upon a successful close of their new home, buyers will receive a credit for Amazon services and products.

Turnkey is currently available in 15 markets across the United States including Washington, D.C.. Want to know when this exciting program will be available in the Howard County area? Fill out the form below.