Philly - Title, Recording and Transfer Charges - Is this correct?

[Vinod Badami]

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

[Mike McCarthy]

@Vinod Badami sounds about right.

Philly transfer tax is 3.278% + 1% commonwealth (state). The 4.278% is usually split 50/50% between the buyer and seller (though if wholesaled the split can be different).

Other fees look reasonable.