Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Lancey Howard

It can be negotiated in a purchase contract.


75 posted on 10/02/2007 12:50:42 PM PDT by RockinRight (Can we start calling Fred "44" now, please?)
[ Post Reply | Private Reply | To 71 | View Replies ]


To: RockinRight
It can be negotiated in a purchase contract.

Well, sure - - nearly anything can be negotiated in the contract, but typically the contract will simply specify a seller concession in the form of a flat dollar figure or a percentage like 3% or 6% (of the sale price), etc., "to be applied to buyer's costs".

I have never seen a contract drawn up specifying that a seller will pay for a buyer's title insurance. Of course, my thirty-plus years of experience in the business is all in Pennsylvania. Practices can differ in other states.

81 posted on 10/02/2007 2:17:35 PM PDT by Lancey Howard
[ Post Reply | Private Reply | To 75 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson