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The Portable Document Format or PDF is one of the most widespread document format for various reasons. They are accessible from any device to share them between devices with different displays and settings. You can open it on any computer or phone — it will appear same.

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How do I transfer property in Georgia?

The most common method of transfer of title is by deed. In Georgia, a deed must be in writing, signed by the maker of the deed, and to be eligible for decoration, witnessed by at least two witnesses, one of whom must be a notary public. The seller (granter) must deliver the deed to the buyer (grantee).

Who pays property transfer tax in Georgia?

Almost all standard contracts state that the seller will pay the state of Georgia transfer tax which is a $1.00 per thousand based on the sales price. The seller who agrees to pay closing costs should always place a limit on the amount they agree to pay.

How much is Georgia property transfer tax?

The State of Georgia Transfer Tax is imposed at the rate of $1.00 per thousand (plus $0.10 / hundred) based upon the value of the property conveyed. Example: A property selling for $550,000.00 would incur a $550.00 State of Georgia Transfer Tax.

How is transfer tax calculated in Georgia?

The real estate transfer tax is based upon the property's sale price at the rate of $1 for the first $1,000 or fractional part of $1,000 and at the rate of 10 cents for each additional $100 or fractional part of $100.

Who pays property taxes at closing in Georgia?

If the property sale closes before the tax bill is mailed, the seller pays the buyer the seller's portion of the tax bill at closing. When the bill does come out, the buyer must pay the full tax bill even if the seller's name is still on the bill.

What does the seller pay at closing in Georgia?

Common Closing Costs for Georgia Home Sellers are responsible for the real estate agent's commission, which costs around 5% to 6% of the home's final sales price. The seller is liable for the real estate transfer tax, though frequently the parties agree in the sales contract that the buyer will pay the tax.

How does a quit claim deed work in Georgia?

A quit claim deed in the state of Georgia is a document used to transfer the interest of a property from one person to the next. A quit claim deed only provides the buyer with a guarantee that the seller will not return at a later date and claim any interest on the property.

How do I do a quit claim deed in Georgia?

Complete and print out form PT-61. Fill in the deed form. Print it out. Sign the deed in front of two witnesses, one of whom must be a notary public. Make a photocopy for each party to the transaction. Check the recording fees in your county.

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