Location: Oklahoma
Submitted 08/18/12 12:09 PM

Q. Hello, we are considering a property in Oklahoma, residential. Price is $150k. What would be the title insurance cost? This involves no mortgage or lender.

 

Answer #1
Submitted 08/19/12 10:46 AM
Pages of Homes (Pages of Homes): Services in Lawton, OK Pages of Homes (Pages of Homes)
Services
Lawton, OK

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A.

The approximate price of the title insurance should be around $350.  There will be other fees on top of that.  Oklahoma is one of the few remaining abstract states, possibly the only remaining abstract state, so you will have the fee to bring the abstract up to date on top of that.

Answer #2
Submitted 08/19/12 12:26 PM
Stephen Franano (Kansas City Region Homes): Managing Broker in Overland Park, KS Stephen Franano (Kansas City Region Homes)
Managing Broker
Overland Park, KS

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A.

Call local Title companies to shop prices

Non-member response
Submitted 08/19/12 12:41 PM Thank you, Stephen, I expected more like $3500.00

Answer #3
Submitted 08/23/12 08:44 AM
Katie Laws (Stewart Abstract & Title of Oklahoma): Title Company in Oklahoma City, OK Katie Laws (Stewart Abstract & Title of Oklahoma)
Title Company
Oklahoma City, OK

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A. In Oklahoma County: Title Premium: Approx $610 Title Service Fee/Closing Fee: Approx $475 Recording Fee: Approx $70 Abstracting (no more than $650 in OK County) is typically paid by the seller - per the OK Real Estate Commission Contrat unless negotiated between the buyer and seller. Hope this helps! Contact me if you have any other questions! Thanks - Katie

Answer #4
Submitted 09/16/12 08:06 AM
Lori Cain - Midtown Tulsa Real Estate www.tulsahomeforsale.net 918-852-5036 (Chinowth & Cohen Realtors ): Agent in Tulsa, OK Lori Cain - Midtown Tulsa Real Estate www.tulsahomeforsale.net 918-852-5036 (Chinowth & Cohen Realtors )
Agent
Tulsa, OK

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A.

Sorry to jump in on this so late. Seller pays to bring the abstract up to date unless negotiated otherwise. Recently closed on a $147K home in Tulsa - cash buyer. Her total costs in addition to sales price were $1,100, including title insurance, recording fees, title attorney.
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