You are here:
- Home
- Real Estate
- Home Buying/Selling
- Buying or Selling a Home
- Home title (not mobile home)
Buying or Selling a Home/Home title (not mobile home)
Advertisement
Question
I am trying to buy a house in Spring Hill, Maury County, Tennessee. The seller said they WILL NOT pay for the title. What does the title to a $200,000 house normally cost? It must be expensive for this to be a part of their negotiations. Any help you can give me will be greatly appreciated.
Hi Charles;
I am not sure what the seller is talking about. Paying for title might mean that he won't pay for title insurance which makes sense since this is usually what the buyer pays for. You need to check with an attorney to determine what the costs will be since they differ from state to state. The seller may not be referring to this though and might think that he will not pay to deliver paper work at the closing. This is the deed and the lien waiver which is usually about $75 to $100 at the most. An attorney needs to draw these up and it depends upon the attorney fees which vary depending upon where you are. My suggestion is to call the attorney you are going to use for the closing and find out what fees there are, who usually pays these and what the costs will be. That way you can figure out how much to offer based upon how much additional you will need to pay to close. Sometimes, buyers make an offer and ask for additional amounts for the sellers to pay for closing costs. This may be what the seller is saying "no" to. I suggest that you clarify before proceeding.
Good luck and best wishes on the negotiations.
Jessica Bryan
Related Articles
Answers by Expert:
- Dick Dennis
- Jessica Bryan
- liznarr
- Hans Weber, Licensed Broker Associate
- Sue Bernstein
- Karyn Foley
- Dottie Worthington
- Jim Root
- Russel Ray
- Connie Wildasinn-Broker,GRI,RealtorŪ
- Todd C. Menard
- Diann Tonnesen
- John Hendricks
- Jay Denit
- Matt Heisler
- Lisa Webber
- John
- Laurie Stephenson
- Marvin G. Bobbitt, III
- Nori J. Muster
- Sharon Huneycutt, Realtor, Associate Broker, GRI, e-PRO
- CJ Brasiel
- Jeff Kessler
- Kathryn Hisert
- Emily
- Ted Lewis
- Kerrin Kostelic, FL Broker Associate, GRI, AHWD
- Tim Norris
Jessica Bryan
Expertise
buying and selling process such as:
General questions from first time buyers
How to market a home
Why choose a REALTOR
How do I find a REALTOR
Should I consider buying or selling without a REALTOR--how much can I save
Should I remodel or move
How much can I expect to gain by fixing up my home before selling
Helpful tips when selling
Helpful tips when buying
finding a good mortgage loan
what is the difference between banks, mortgage bankers, and mortgage brokers
Questions from the general public, people thinking about getting their real estate license, newly licensed.
Fellow professionals who have interests in networking and how to get started
What is a market evaluation and how does it differ from an appraisal what are the different loan programs
services a REALTOR can perform
when to use a lawyer
when to use escrow
what are the regional differences in the buying and selling process
what is the MLS and how does it work
how can the layman access information on the web--listings and other information
These are just a few of the questions. I can suggest that if I am unable to answer a question I will refer the inquiry to a source that can.
Experience
Anyone who is in this business and who dedicates oneself to professionalism has continued to take classes and along with it,additional credentials, awards and honors. I can list a host of them, but my greatest accomplishments happen to be those of getting first time buyers (who didn't think they could afford to buy a home)into a home of their dreams. The look on their faces when I hand over the keys is worth all of the hard work.
©2012 About.com, a part of The New York Times Company. All rights reserved.