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Lower Closing Costs for Teachers

Classrrom4Are you a public school teacher in Bowie or anywhere in Prince George’s County, Maryland?  If so, your closing costs for the purchase a home in the County will be lower than your neighbors.

Prince George’s County offers a reduction in the County Transfer Tax from 1.4% to 1% when a teacher purchases improved residential property to use as a principal residence.  If there are two or more buyers, only one of them must be a Prince George’s County classroom teacher and occupy the property to be eligible.

If you happen to also be a first-time buyer in Maryland, your share of the .5% state transfer tax will also be waived.

Your savings could add up to $1000 or more in reduced closing costs for the purchase of a home in Prince George’s County, depending on the terms of your sales contract.  

There are many nice neighborhoods in Bowie, College Park, Laurel and other nearby areas of Prince George’s County that fit the budget of county teachers. 

Let me help you find them!

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