Does the wholesaler pay for title search?

[Jamarr Lee]

Hello BP family,

I'm a little confused on something here. When you get a seller to sign contract, as a wholesaler do we pay for the title search before closing or does the buyer pay for title search at closing? I'm just a little confused how the title search process goes.

[Cornelius Garland]

@Jamarr Lee As Rene indicated, if your buyer falls through or you find that the title can't be insured then you'll be stuck with paying this bill. I've had to do this several times, but it was only because I was working in a war zone-like neighborhood. I knew I was incurring a risk with putting some deals under contract. You shouldn't have an issue if you get the deals under contract at a great price, and only then would I order the title search. If I'm hesitant that I can move a property, I wait until I find my buyer before I order the title search. I typically like ordering the search as soon as I get a contract because the closing is extremely quick once I have a cash buyer. Hope this helps.