Park City Real Estate - Being Aware of Transfer Fees
Posted by Quinn Eichner on
Transfer Fees in Park City Real Estate - What You Need To Know
When helping buyers find real estate in Park City and Deer Valley, we’re frequently asked about transfer fees. Many out of state buyers are used to seeing these fees applied in real estate transactions in their home state – charged by municipalities, counties or the state.
In Utah and the Park City area, we most commonly have transfer fees charged by Homeowners Associations (HOA), or the Master Homeowners Association (MHOA), if there is one. These fees are also sometimes referred to as HOA Reinvestment Fees, and Change of Ownership Fees.
In Park City and Deer Valley, we have many HOAs that are located within a MHOA. For example, there are several condominium communities located in…
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