In a regular market on a regular sale (that not being a short sale or foreclosure) the customary practice is the buyer would pay for the Title Insurance and Select the Title agency. If the transaction is a short sale or foreclosure the seller , being the bank, will pay for the owners title insurance policy and select the title company. A buyer can request for the policy to be paid directly by them and select their title company of chose so as long as they are aware they will be paying the title insurance policy.
As far as the Title search / Title abstract that is normally always a sellers charge. Other items that will be the sellers responsibility would be the City Lien Search and HOA estopple letter.
I am in hopes this will be helpful =)
If you are asking, who pays for the title insurance in Dade County? The answer is the Buyer pays for title insurance on a regular sale. Also, the Seller pays for the deed stamp tax to the state. The Seller pays the realtor fees, if they chose to use a realtor. Every county in Florida has their own laws.
If you would like a who pays what sheet, and what the amounts are, please call me on Monday and I will be happy to provide you with this information. I lived in Miami-Dade most of my life and then moved to Broward County.
Susan Penn, PA
2000 Main Street
Weston, Florida 33326
In Section V of a standard Florida FARBAR Purchase contract, the Buyer and Seller agree who pays for the title search. If you are selling to a cash buyer, you can always ask them to pay and then they can decide if they want to do it. If you are selling to a buyer with a mortgage, the lender will require it.
Usually in Florida the Seller pays title search, if a seller is selling or refinacing they will still have to pay for title search. What the buyer will pay is for a Title Closing Fee and Title Insurance (which is negotiable this days).
Hope this helps and if there is anything else I can provide or do please do not hesitate in calling or e-mail me.
Erika Enid Rosabal
Universal Land Title
Title search usually is paid by the buyer,However,Look at your contract it is also negotiable .If the contract said that the seller pay title search then is the seller .
GLOBE WIDE REALTY
MICHAEL ISRAEL BENICHAY