Real Estate Terms and Definitions
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What Is A Private Transfer Fee? Learn More About This Important Real Estate Term
Are you planning on selling your Austin Texas home? If so, one fee that you can expect to pay is a private transfer fee. What exactly is a private transfer fee? It’s a fee that has to be paid each time a home is sold and it must be collected along with any HOA fees. Are Private Transfer Fees Still Enforceable? In 2019, some home buyers, sellers and Realtors® may feel that private transfer fees are not enforceable, the reality is that some Private Transfer Fees (PTFS) that were created before 2012 may still be enforceable due to the following statutorily process mentioned here: “Each owner of a Lot, upon…