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Buying a Home in Pennsylvania

Real estate customs and regulations vary by state. Below is a brief explanation of the home-buying process in Pennsylvania. Your Prudential Fox & Roach relocation specialist will be glad to answer your questions and help the process run smoothly.

In Pennsylvania, when you make an offer to purchase a property, you will complete an Agreement of Sale form and put down a deposit—usually 10 percent of the purchase price. The listing broker will hold the check in escrow. Customary provisions in the Agreement of Sale include:

Mortgage loan contingency
Termite inspection
Home inspection (at the buyer’s expense)
Adjustments and prorations of taxes, rents and interest, if applicable
Title conveyance

Once the seller signs the agreement, it becomes a binding contract.

Next, you’ll apply for a mortgage loan, title insurance and appropriate property insurance. Trident’s One-Stop Shopping makes it easy to arrange for everything you need under one roof.

After you receive a mortgage commitment, you can get ready for settlement. If it’s stipulated in the agreement, you may inspect the property 24 to 48 hours before closing. Utility companies must be notified to change billing from seller to buyer. Our free HOMEssentials start-up services make it easy.

The closing, or settlement, takes place to complete the transfer of title, loan documentation and cash settlement. It is usually held at the office of the buyer’s title company, real estate company, lending institution or attorney. The title officer usually conducts the meeting. The closing officer records pertinent documents at the county courthouse.

Learn more about buying a home in Pennsylvania
Learn more about mortgages, title services and insurance from The Trident Group
Learn more about HOMEssentials Utility Connection services

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The data relating to real estate for sale on this website appears in part through the TReND Broker Reciprocity^SM program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Prudential Fox & Roach, Realtors participates, and is provided by TReND through a licensing agreement. Real Estate listings held by brokerage firms other than Prudential Fox & Roach, Realtors are marked with the Broker Reciprocity icon (a little black house) and detailed information about each listing includes the name of the listing broker. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided by this website is for personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © TReND. All Rights Reserved.