Profile picture for crob si

Who pays for title policy? Should the Seller pay for it, or should the Buyer pay for it?

How is this determined?
  • December 07 2013 - Houston
  • 0
    0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

Answers (10)

Negotiable....in most cases I see on resales, the seller pays.
However I am working one contract now where the buyer will pay.
On many new construction homes, the buyer pays.
What does your agent advise?
  • December 09 2013
  • 1Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Typically the seller and buyer each pay a portion of the full title fee.  In California, the seller pays for the owner's title policy while the buyer will pay the lender's title policy fee portion if using purchase financing.  Escrow is typically split equally between buyer and seller.
  • December 09 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for Chris Boyles
The change in the mortgage requirements a couple of years ago made it to where the buyers have to show that they are paying for the policy but then show a credit on the HUD from the sellers to the buyers for the owners title policy.   Most of the time the sellers pay for the owners title policy but that is negotiable, most of the time when you see the buyers paying for it, it is in an investment property deal. 
  • December 09 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

I've been an agent in Houston for 23 years. Who pays is definitely negotiable, but 99.999% of the time the buyer pays for it on new construction, and the seller pays for it on resale homes.  
  • December 08 2013
  • 1Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Having spent 20+ years in the title industry! I can honestly say that it is a negotiable cost. It depends on the county and state that you're located in, as some will say its a seller cost, others will say a buyers cost. I would suggest checking with your real estate agent to confirm who pays what n your local market and then always consider negotiating the cost if you don't feel strongly that it would be a deal killer.
  • December 08 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Hi Crob,
In the State of Texas, one of the items that you can negotiate in a contract when buying or selling a home is who pays for the title insurance. As a rule of thumb the seller pays for it but it is not mandatory. The TREC contract gives the option to check who will be paying. Most of the buyers expect the seller to pay for it and even if the seller pays, the buyer has the right to choose which company they can use. If you have any question talk to a Realtor. They can give you advise on how to proceed. It all depends on the deal and how it is structured.
  • December 08 2013
  • 1Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Everything is negotiable, but I would say, logically, the beneficiary of the policy should pay.
  • December 08 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for Blue Nile
Well since the original poster indicated he is in Houston Texas an not in Northern nor Southern California, why don't you look up what is typical in Texas rather than telling the person about a State that doesn't apply to them?
  • December 08 2013
  • 1Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

In Northern California, the Buyer purchases the Title Insurance. In Southern California, the Seller purchases the Title Insurance or it can be split 50/50. If you are buying an REO in Northern California and you opt to go with the Bank's Title Insurance, the Bank will pay for it. I hope this helps.
Thanks,
David Poulsen
  • December 07 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

A warranty deed isn't worth anything without a title insurance policy behind it, so the most important thing is to make sure you have title insurance, and you can figure out who pays for it afterward.

All the best,
  • December 07 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.