Home Selling in Punta Gorda>Question Details

Joegig, Home Buyer in Punta Gorda, FL

who pays for the title search for a home sale in charlotte county Fl?

Asked by Joegig, Punta Gorda, FL Mon Mar 28, 2011

Help the community by answering this question:


Seller pays for it on for you.
0 votes Thank Flag Link Mon Mar 28, 2011
In Charlotte County it is customary for the seller to pay title, but everything in a real estate contract is negotiable.
0 votes Thank Flag Link Tue Jun 10, 2014
Although custom in Charlotte County for the Seller to pay, Title search is something that is negotiated between a buyer and a seller. If agreed upon the party usually paying title will choose who and where the closing will take place.
0 votes Thank Flag Link Tue Mar 29, 2011
This subject is very interesting to me and the area I service. It is only the Buyer who pays for this service here as part of their closing costs. Have never heard of any different approach and the cost is substantial as well.
0 votes Thank Flag Link Tue Mar 29, 2011
Hello, Joe -

Your question raises a number of related issues - the preparer of the initial offer (which can be either the Buyer or the Seller) has the first shot at determining who pays what.

First, a qualification - the search itself is usually less than $100; the title insurance premium is the bigger number and, since it's based on the selling price, it should be lower IF the Buyer's payment of that cost results in the Seller reducing the selling price.

To a certain degree, whoever pays will also have a bit more "control" of the transaction; this may be an important consideration in a distressed property situation.

There are many more aspects to your question than any one responder (including myself) has covered; the "final" answer is that the contract determines everything that transpires after it is agreed to by both parties.


Web Reference: http://www.krolland.info
0 votes Thank Flag Link Tue Mar 29, 2011
Custom says the seller pays title search and title insurance as well as tax on the deed etc. Buyer pays his loan costs, if any, and his own mortagage costs, mortgage tax and half of the closing cost.
0 votes Thank Flag Link Mon Mar 28, 2011
Hi Joe,

The common sales agreements used in our area allow for a variety of options that include both the buyer and seller being responsible for this service. Thus, this is one of those issues that can be negotiated between the buyer and seller.

Good luck,

0 votes Thank Flag Link Mon Mar 28, 2011
In most cases it is traditional in this area for the seller to pay for the title search. However, you can stipulate in the MLS listing "Buyer to pay for title search" if you, the seller, do not want to pay for it. It can go either way.

Tammy Hayes, Green Lion Realty, Port Charlotte, FL tammyhayesre@gmail.com
0 votes Thank Flag Link Mon Mar 28, 2011
Based on executed sales agreement confer your question(s) to your Realtor

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
0 votes Thank Flag Link Mon Mar 28, 2011
Nothing is written in stone as to who pays for what until you and the seller agree in writting. Who pays for a title search is one of the things that gets or should get negotiated between you and the seller. I've had buyers pay for it when they got a good deal, I've had sellers pay for it when they got a good deal and I've had deals where the buyer and seller split the cost.
0 votes Thank Flag Link Mon Mar 28, 2011
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