Offering to cover or split the buyer's mortgage recording tax (1.8% on loans under $500K, 1.925% above) can be a powerful negotiation tool, especially in soft markets. It reduces the buyer's closing costs significantly without changing the sale price - which matters for appraisals and comps. Weigh this concession against a price reduction: a tax credit is often more cost-effective for both sides.
From the seller playbook: Mortgage Recording Tax Impact on Buyer Incentives
This is general information, not legal, tax or accounting advice. Every situation is different. Talk to a licensed attorney, accountant or tax professional before you act.
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