In Tennessee, the transfer tax is typically paid by the seller. However, the buyer and seller can negotiate who pays the transfer tax in the contract of sale. In some cases, the buyer may agree to pay the entire cost of the transfer tax, while in other cases, the costs may be split.
It’s important to note that local regulations and specific transaction details may influence the allocation of closing costs between the buyer and seller. Consulting with a real estate attorney can ensure a smooth and legally sound closing process.