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Updated about 5 years ago, 10/18/2019
Philly - Title, Recording and Transfer Charges - Is this correct?
Hi, for a house with a sales price of $99K I got the following charges. This seems very high but just wanted to get some feedback since this is the first time doing a purchase in Philly. Your help and feedback is greatly appreciated:
Title Charges | Buyer pays | Seller pays |
Closing Fee (If Applicable) | $200.00 | |
Owner's Title Insurance | $1,025.00 | |
Title- Courier Fee | $20.00 | |
Title- Notary Fee | $15.00 | |
Title-Incoming Wire Fee | $7.50 | |
Title- Tax Search | $55.00 |
Recording & Transfer | Buyer pays | Seller pays |
Recording (estimate - may vary by county/township) | $252.00 | |
Transfer Tax | $499.50 | $499.50 |
Local Transfer Tax | $1,637.36 | $1,637.36 |
Grand Total | $3,711.36 | $2,136.86 |