Legal Question in Real Estate Law in Pennsylvania

Re: Purchasing property

I'm confused aren't you the buyer. The listing agent is entitled to her commission so she will accept your offer.

The problem is that if the deed reflects that the consideration was only a dollar then you will be hearing from the PA Department of Revenue. There is a 1% property transfer tax payable to the state and a 1% property transfer tax payable to the county. Its collected when the deed is recorded.

If you have any questions feel free to contact me. The initial consultation is free.

{John}

Re: Purchasing property

If you are buying a commercial property, there are far more issues that offering cash, taking care of the real estate agent's commission, etc.

You should not walk into this without getting serious legal advice. You may be taking on risks and obligations that you haven't taken into account, and no deal is so good that you wouldn't want to at least know what those would be.

This response is not legal advice, since I do not have all of the information that would be required, and I do not have a representation agreement with you.

* If the answers to your question confirm that you have a valid issue or worthwhile claim, your next step should almost always be to establish a dialog with a lawyer who can provide specific advice to you. Contact a lawyer in your county or township.

* Another reason for contacting a lawyer is that it is often impossible to give a good answer in the Internet Q&A format without having more information. The unique circumstances of your situation and things that you may not have thought to mention in your question may completely change the answer. If you want to be sure that you have a complete answer to your question and an understanding of what that answer means, establish a connection with a lawyer who practices in the area of your concern.