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Lawyer and Title Fees Rates vary by state and law office but typically fall in the range of $200 to $400 per hour. Title companies routinely prepare quitclaim deeds in many states.
The State of Pennsylvania charges 1% of the sales price and the municipality and school district USUALLY charge 1% between them for a total of 2% (i.e. 2% X 100,000 = $2,000). By custom, the buyer and seller split the cost. 1% to buyer, 1% to seller; however payment is dictated by the sales contract.
1. Consult an Attorney. Though this is an optional step, it is best to consult a real estate attorney prior to completing and filing a quit claim deed. It is optional, however, so completing and filing a quit claim deed does not require legal assistance.
Also, sellers often buy a title policy for the new homeowner, which typically costs between $500 and $1,000. Recording fees. When you file your deed with the county recorder's office, you're charged a fee. This is based on the value or sale price of the property, as well as the number of pages and documents.
Rates vary by state and law office but typically fall in the range of $200 to $400 per hour. Title companies routinely prepare quitclaim deeds in many states. Fees for title companies vary, but a market scan shows an average of $100 to $200 for a simple quitclaim deed.
Also, sellers often buy a title policy for the new homeowner, which typically costs between $500 and $1,000. Recording fees. When you file your deed with the county recorder's office, you're charged a fee. This is based on the value or sale price of the property, as well as the number of pages and documents.
Whoever has their name on the deed is the rightful owner of the home, so it's one of the most important documents in buying or selling a home. The seller typically prepares the real estate deed, usually with the help of a title company or an attorney to ensure the property transfers successfully.
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