Hey everyone! I’m thinking about moving to Pittsburgh soon and just found out about their property transfer tax. It’s pretty high compared to what I’m used to in Texas. Does anyone know how this usually works? I heard it might be split between the buyer and seller but I’m not sure. Also, what if I’m buying from a bank? I’m worried this could really add up, especially on pricier homes. Any insights from folks who’ve dealt with real estate in Pennsylvania would be super helpful. Thanks!
hey there! yea, the transfer tax in pittsburgh can be a shocker. it’s usually 4% total, split between buyer n seller. but with bank sales, u might get stuck payin the whole thing. def factor it into ur budget, especially for pricier homes. maybe look into any exemptions that could help ya out. good luck with the move!
Hey there! Have you considered looking into specific neighborhoods in Pittsburgh? Some areas might have different tax rates or incentives. I’m curious, what’s drawing you to Pittsburgh? Any particular job or lifestyle factors? It’d be interesting to hear your thoughts on how the city compares to Texas so far!
As someone who’s gone through the home buying process in Pittsburgh, I can share my experience with the property transfer tax. It’s typically 4% of the sale price - 2% for the state and 2% for the city. In my case, the seller and I split it 50/50, but this can be negotiated. When buying from a bank, they often won’t pay their share, so be prepared to cover the full amount. It’s definitely a significant cost to factor into your budget. I’d recommend working with a local real estate agent who can guide you through the specifics and help you navigate any potential exemptions or reductions that might apply. Good luck with your move to Pittsburgh!