Sell Your House in Magnolia, DE
Prefer to talk? Call (302) 525-0787 or send a text.
What does it cost to sell a house in Magnolia?
The total realty transfer tax on a sale in Magnolia is 4%: 2.5% to the state plus 1.5% local (source). In Delaware it's customarily split evenly between buyer and seller unless the contract says otherwise. Run your own numbers with the Delaware transfer tax calculator.
| Tax | Rate |
|---|---|
| Total realty transfer tax | 4% |
| Sale price | Total transfer tax | Seller's half |
|---|---|---|
| $200,000 | $8,000 | $4,000 |
| $300,000 | $12,000 | $6,000 |
| $450,000 | $18,000 | $9,000 |
When Silverside buys your house, we pay all closing costs, including your share of the transfer tax, and the written offer shows every line.
Rental and vacant-property rules in Magnolia
No town rental license. County rules may still apply to rentals. (source)
About Magnolia
- Population 277 (2020 Census) (source).
- School district: Caesar Rodney School District.
- Water and sewer: Water: Town of Magnolia Water Department; sewer not stated (source). Final meter readings go through that provider at settlement.
- ZIP code: 19962.
- Incorporated in 1885 with a circular boundary extending 1/4 mile in all directions from a road intersection. (source)
Behind on payments in Magnolia?
Kent County holds foreclosure sheriff sales in Dover most months and monition (tax) sales about every three months. Our Kent County sheriff sale guide covers the schedule and every way to stop or get ahead of a sale.
Get options for your Magnolia house
No repairs, no commissions, no obligation. Pick your own closing date.
Get My Written Offer Call (302) 525-0787Frequently asked questions
What is the transfer tax when you sell a house in Magnolia?
4% of the price, usually split evenly, so a seller's half on a $300,000 sale is about $6,000.
Do I need a rental license to rent out a house in Magnolia?
No town rental license was found, though county rules may apply.
Do you buy houses in Magnolia as-is?
Yes, in any condition, with tenants or vacant, and we pay all closing costs, including your share of the transfer tax.
Sources
- www.kentcountyde.gov/files/sharedassets/public/v/3/content-publishers/deeds/deeds-pdf/reco
- magnolia.delaware.gov/files/2014/04/2016-Article-V-Landlord-Tenant-Code-Requirements.pdf
- www2.census.gov/programs-surveys/decennial/2020/data/01-Redistricting_File--PL_94-171/Dela
- magnolia.delaware.gov/water-department/
- archives.delaware.gov/town-and-city-histories/magnolia/
General information, not legal or tax advice. Confirm your situation with a Delaware attorney. Rates and local rules change; confirm with the municipality or your title company.
