Replace Text In Legal West Virginia Home Sale Forms For Free

Step 6: Close the Sale with a Professional It is not mandatory to hire an attorney for selling a house in West Virginia without a Realtor. However, we recommend you hire one. A licensed real estate attorney will help you draft all the closing documents and minimize the legal risks.

The Transfer Tax Fee is $5.50 for every $1,000.00 of the purchase price, or value of the property when the purchase price is not listed on the Deed. All Deeds recorded in West Virginia are subject to an Excise Tax (Transfer Tax Fee).

Declaration of consideration or value. A deed that requires payment of transfer tax must include a declaration of consideration or value on its first page or at the end of the document. The declaration states the property's value or the payment, called consideration, made for the property.

How To Sell A House In West Virginia (Without A Realtor) Scope Out the Competition (Be A Nosey Neighbor) Give West Virginia Buyers What They Want. Analyze West Virginia's Real Estate Market Data for a Correct Listing Price. Make Sure Your Real Estate Photographs Don't Suck.

The followings are exempt from the transfer tax: (1) wills; (2) testamentary or inter vivos trusts; (3) deeds of partition; (4) deeds made pursuant to mergers of corporations, limited liability companies, partnerships, and limited partnerships; (5) deeds made pursuant to conversions to limited liability companies; (6) ...

Declaration of Consideration of Value (This is the monetary amount for which the property is sold. If the property is being transferred without monetary value, it must state in the declaration paragraph 'why' it is exempt from transfer tax.)