For selling a condo, which party should pay for the owner's title insurance policy, county/city transfer

Asked by Peter, Los Angeles, CA Wed Mar 5, 2008

tax/fee, HOA transfer fee, and HOA document preparation fee?

Help the community by answering this question:

+ web reference
Web reference:

Answers

7
L.A. Real Es…, , Los Angeles, CA
Wed Mar 5, 2008
Hi Peter,
Usually it is the seller who pays for all those fees, unless special agreements are made ahead of time by all parties involved. This in turn will help you when it is your turn to buy.
Good Luck.
LA Real Estate Group
info@MyLARealEstateGroup.com
http://www.MyLARealEstateGroup.com
2 votes
Ray Chen and…, Agent, Rowland Heights, CA
Sun Mar 9, 2008
you can get a rough idea here
http://www.feedisclosure.com/
1 vote
Kevin Keyser, Agent, West Hollywood, CA
Thu Mar 6, 2008
It's always negotiable! I'm not sure why some agents think it is always the seller who pays these fees. You could ask the buyer to pay them. But of course, since it is much more of a buyer's market these days, it is unlikely a buyer would agree to this... unless the price of the condo is so fantastic that they just cannot resist!
Web Reference:  http://www.keyserhomes.com
1 vote
Bill Schwent, Agent, Santa Fe, NM
Thu Mar 6, 2008
Peter,

The first two answers to your question are incorrect. All closing fees are negotiable between the buyer and the seller. Why the others may have got it wrong are that, in different real estate markets, some costs are typically paid by one party or the other. For example, in my market, the seller generally pays for the title insurance. In many other markets, title insurance is customarily paid for by the buyer. That's why you have a Purchase Agreement; to spell out the terms of the sale and to indicate which party will pay what costs. Good luck with your transaction.
Web Reference:  http://www.remax-santafe.com
0 votes
Rob Graham, Agent, Seattle, WA
Thu Mar 6, 2008
Peter,

While it is typically the responsibility of the Seller to cover these costs, everything is a negotiation. If you are the buyer, I would encourage you to ask your agent to negotiate some if not all of the costs to be payed by the seller. In this environment, it is much easier to get closing costs covered by a seller.

Good Luck.
0 votes
Liz Stevens, , Berkeley, CA
Thu Mar 6, 2008
No "usually" counts these days. it is all negotiable because of different market. Negotiate hard. Closing costs will usually be paid by seller in order to keep their sales prices as high as possible, so they tend to "give" on the closing costs. all the best.
0 votes
Peter, Home Buyer, Los Angeles, CA
Wed Mar 5, 2008
Thank you for your quick responses!
0 votes
Search Advice
Search
Ask our community a question
Home Selling in Alhambra Zip Codes

Email me when…

Learn more