Real Estate transfer tax on assignments?
Hi all! I am working on my first assignment. In trying to find an investor friendly title company, I was asked if I was aware that there is a 2% realty transfer tax. I am not doing a double close but just assigning the contract to my end- buyer (yes- it does state in my contract my name and/or assigns). Is this typical and should I stick to this title company and learn my lesson that no one talks about, or should I move on to try and find a different title company? I guess I am confused because I was not aware of this and thought I had it down...
Thanks for your help! Oh- I am in PA.