First. Is this a sale or a family transfer? There are cases of no transfer tax. There are also cases where the OPA value is used. If however this is a sale. Then it is 4 percent of the purchase price in philadelphia county. The contract was say who pays it. Usually it is divided 50/50 on contract but the contract must say it clearly.
That 4% is calculated from the agreed upon sales price of the home. Traditionally, this is split between the buyer and seller, but as with everything else, this arrangement is negotiable.
Please call if there is anything else you need.
Joshua Stein, REALTORÂ®
Long & Foster - Blue Bell