Buyer pay for Title Policy?? In this market??

Question

I’m offering $50,000 lower than the ask price for a duplex… there’s probably around 10K in renovations, I need to do, do you think I should offer to pay for the title policy even though nine times out of 10 the seller has been paying for it In this current market? Also, the listing has been up for almost 3 months.

Ryan Kelly · Answer

Account Closed it is completely negotiable. Is your agent counseling you on your options? You could start by asking the seller to pay for it in your contract offer and see if they push back. If so, you can negotiate again for the seller to pay for it, buyer to pay for it, or split it.

Eliott Elias · Answer

Not in this market, sellers are paying title policy. Your realtor should be helping you with this.

Russell Brazil · Answer

This is highly regional specific. Most of the markets Im in buyer pays for title insurance no matter what. The markets where the seller pay for them are a much smaller number.

Chris Seveney · Answer

@Katheryn Busch

This is completely up to you. If you have already negotiated a deal, there’s no reason to. If you think that will add benefit is part of them offer the include it

Buyer pay for Title Policy?? In this market??

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