Wouldn't it be nice if everything in life came with a guarantee? Whatever you purchased would automatically be protected? Knowing what you bought, is exactly what you paid for? Purchasing a home is one of the biggest investments you will ever make, so you want to make sure that your investment is protected. Title Insurance is there to make sure your home is exactly what it is, YOUR HOME. Who pays for this reassurance? Commonly you would think that the seller should pay for Title Insurance; the seller should guarantee that the investment the buyer is about to make is a good one and clear of any defects on the title. Hold on a second! "Caveat emptor" Latin for "Let the buyer beware!" Shouldn't the buyer pay for Title Insurance to make sure what they are buying is free and clear of any defects, it's their investment!
As you can see, everyone has a valid point when it comes to who should pay for Title Insurance and it is highly debated topic. It is customary in Palm Beach County, Florida that the Seller pays for the Title Insurance and in Broward County, Florida it is customary that the Buyer pays for Title Insurance. Don't let this be a deal killer! These fees are always negiotiable and can be easily solved with communication between both Seller and Buyer. Just remember, whoever pays the Title Insurance will choose the Title Company.
United Title Agenices, Inc. is ready to serve any and all of your Real Estate transaction needs, we are located in Lake Worth, Fl and Boca Raton, Fl and close transactions all through out the state of Florida. If you should have any questions, please don't hesitate to contact our office right away; we look forward to hearing from you.
Savanna Yates
Comments(0)