Include the excise tax in your sale-cost comparison
North Carolina charges an excise tax on conveyances—the transfer of real estate by deed—at $1 for each $500 of the price or value, with any part of $500 counted as a full $500. That is $200 on a $100,000 sale. State law puts payment on the seller before the deed is recorded with the county register of deeds. Some transfers are exempt, including gifts and transfers by will or inheritance.
When you sell to us, we pay the closing costs, including North Carolina's excise tax on conveyances. Your mortgage, liens, back taxes, and share of current property taxes are separate.
