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2016-11-20
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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.
Attorneys in your area traditionally charge between $175-$250 to prepare a deed.
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.
A quit claim deed transfers the legal ownership of the property from one party to another, and doesn't require attorneys or legal help, unless you choose to consult an attorney.
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.
Recording fees: These fees may be paid by you or by the seller, depending upon your agreement of sale with the seller. The buyer usually pays the fees for legally recording the new deed and mortgage.
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