Colorado's 2% Real Estate Withholding Tax
Posted by Leah Bishop on
Out of State Seller? Colorado Requires 2% Tax Withholding at Closing
The last thing you hope to encounter when get to the closing table on your real estate transaction is an unexpected cost. We're here to keep you informed and prepared as you consider buying or selling a property - our decades of experience in the local Grand County market allow us to streamline your process and minimize the unexpected as we prepare you for closing day.
One common surprise that can come for sellers is Colorado's 2% withholding tax on "nonresident" real estate transactions. Those not in the real estate world might never have heard of it, which just another reason having a realtor in your corner is key!
At closing, out-of-state sellers will pay the title…
1975 Views, 0 Comments