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Old 01-22-2016, 05:30 PM
 
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Who pays the bulk of closing costs and who picks title company in Lackawanna County PA? I'm selling land in Gouldsboro and would like to know.
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Old 01-23-2016, 11:07 AM
 
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The buyer picks the title company or lawyer and pays for title search and insurance plus other costs if he/she is borrowing money to pay for the property, real estate agent commission and 1/2 of the transfer tax. The seller pays for preparation of the deed and 1/2 of transfer tax.
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Old 01-24-2016, 01:10 AM
 
Location: Pennsylvania
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are you sure, Wells5? I've never had any dealings in Lackawanna County but have in Wyoming, Bradford and Tioga Counties. The seller has always payed the realtor's commission.
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Old 01-24-2016, 08:05 AM
 
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Quote:
Originally Posted by PAhippo View Post
are you sure, Wells5? I've never had any dealings in Lackawanna County but have in Wyoming, Bradford and Tioga Counties. The seller has always payed the realtor's commission.
Sorry, PAhippo! Seller pays the commission. Senior moment, I guess.
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Old 02-06-2016, 02:37 PM
 
14 posts, read 72,289 times
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Quote:
Originally Posted by Wells5 View Post
The buyer picks the title company or lawyer and pays for title search and insurance plus other costs if he/she is borrowing money to pay for the property, real estate agent commission and 1/2 of the transfer tax. The seller pays for preparation of the deed and 1/2 of transfer tax.
Many thanks. Is there a round figure for the estimated costs? For example 1% of the sales price for the buyer, 2% for the seller?
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Old 02-07-2016, 05:12 AM
 
Location: Tobyhanna, Pa
472 posts, read 778,939 times
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Since the tank most realtors are charging a flat rate usually between $2500-$3500. They aren't gonna drive around to show various properties that are usually going for peanuts and get a 3% commission....
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Old 02-07-2016, 10:35 PM
 
Location: Pennsylvania
30,525 posts, read 16,217,604 times
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The buyer doesn't pay the commission; the seller does. It is based on a percentage, usually 6%.


Locally they will show any property, including vacant land.
We're talking PA, not NJ.

Hope this helps,OP
PA mortgage closing costs calculator
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