Selling a Home in Reading, Pennsylvania
Reading sits in Berks County. Pennsylvania sellers pay a layered transfer tax — state, county, and (in some municipalities) a city-level tax on top. The calculator above applies the correct rates for Reading automatically, alongside agent commissions, the owner's title insurance policy, attorney and escrow fees, and recording fees.
Reading Transfer Tax & Closing Costs
Pennsylvania closings are handled by title companies or attorneys. The seller customarily pays half of the combined state-and-local realty transfer tax, the owner's title insurance policy, and a share of closing fees. Title insurance rates are state-promulgated. Recording fees in Berks County are a small fixed cost at closing.
How to Estimate Your Reading Net Proceeds
- Sale Price: Start with the agreed contract price for your Reading property.
- Mortgage Payoff: Subtract your remaining loan balance and accrued interest.
- Transfer Taxes: Apply the state, county, and any city-level transfer tax.
- Closing Costs: Deduct commissions, owner's title insurance, attorney/escrow, and recording fees.
Reading Net Proceeds = Sale Price − Mortgage Payoff − Commissions − Transfer Taxes − Closing Costs