First Wheelhouse Purchase – rookie question

Odds are high I’ll be buying a wheel house from a private part this weekend. Can someone confirm part of the process will be a title transfer and the state will also take a chunk for sales tax?

Depends on age of the house. If its a newer house it will have a title, if its old you may just have to write up a bill of sale. Either way, yes you will have to pay tax on it when transfering/licensing it. Tax will be based on the sale price that you document…..

The key word is document. I like to write a check and pay part of it in cash. I have never run into anyone who has said no to such a deal. Don’t make it stupid but say if you are buying for 10k ask if you can write a check for 7k and 3k in cash. Put 7k on the title and that is what you pay in tax.

If is a homemade house it can always be built out of “scavenged” materials that you got for “free.” Makes the end taxable price way cheaper.

No title and bill of sale it sounds like. Have a 1pm meeting today to inspect.