Understand Closing Costs and What to Expect at Settlement

Real estate transactions often bring unexpected surprises to buyers and sellers through closing costs. Many people wonder about the role of title companies during closing and how these services impact their total costs.

At Buchanan Settlement Services, we help homeowners, sellers, land developers, lenders, attorneys, and real estate agents across Pennsylvania navigate these costs with confidence.

As a trusted title agent in Pennsylvania, I’m here to break it all down in a way that’s simple, clear, and helpful — because your peace of mind matters.

Why Are Closing Costs So Confusing?

The thrill of property acquisition or disposition often fades away when homebuyers receive unexpected lists of charges they never anticipated. The terms "title services" and "transfer taxes" and "escrow fees" and "recording charges" create confusion among homebuyers.

What Happens if You Don’t Understand Closing Costs?

Settlement day without preparation leaves you vulnerable to surprise costs. The lack of knowledge about your money distribution and title protection risks future legal problems with your property.

Buchanan Settlement Services Makes It Easy

Buchanan Settlement Services provides you with clear explanations and individualized support and protection throughout the process.

Our team provides complete fee explanations throughout the process so you can feel confident and enthusiastic about closing without any stress.

What Are Closing Costs, Anyway?

Closing costs are the various fees and expenses that buyers and sellers pay to finalize a real estate transaction. These can range from lender fees to taxes — and yes, they include title services that protect your ownership rights.

The typical range of closing expenses in Pennsylvania amounts to 2%–6% of the home purchase price.

Selecting the appropriate title insurance company in Pennsylvania stands as a vital step during closing because they will protect your title and perform searches and settlement services.

What Fees Make Up Closing Costs?

Buchanan Settlement Services plays a key role in the following breakdown of the most common closing costs.

Fee Type	What It Covers
Title Search Fees	The process of verifying ownership through public records while identifying potential title defects.
Title Insurance Premiums	Title insurance provides protection to buyers and lenders through a single premium payment.
Settlement/Closing Fees	Your Pennsylvania title agent provides settlement services which require payment for coordinating signing and fund distribution.
Escrow Fees	Managing the safe transfer of funds between buyer, seller, and lender
Transfer Taxes	State, county, or city taxes on property sales
Recording Fees	Filing deeds and other documents with local government offices
Survey Costs (if applicable)	Confirming property boundaries and easements
Attorney Fees (optional)	If legal representation is involved
Homeowner’s Insurance Premium	Lenders require this insurance to protect the home from future damages.

🔍 Pro Tip: Title insurance stands as one of the most crucial yet frequently misinterpreted elements within your closing expenses. The title insurance serves as your protection against unexpected risks.

Why You Need a Title Insurance Company You Can Trust

Selecting Buchanan Settlement Services as your Pennsylvania title insurance provider will give you peace of mind because they are a reputable company.

• Thorough and accurate title searches

• Each document you sign receives a clear explanation

• The owner's title insurance provides complete protection to you.

• A smooth, secure closing experience

• Your investment receives protection from unknown claims

Our experienced team handles the closing process with precision — from issuing title insurance to preparing your final settlement statement. We work with your real estate agent, lender, or attorney to ensure that all parties are on the same page.

Ready for a Stress-Free Settlement?

Buchanan Settlement Services provides experienced professionals who protect your home and land and development projects.

📞 Contact us by phone at (717) 762-1415 or contact us here to begin your process.

Your property requires the highest level of protection and so do you. Buchanan Settlement Services stands as your reliable Pennsylvania title experts.