Which party typically pays for title insurance in a property transaction?

In a property transaction, payment for title insurance can indeed be negotiable between the parties involved. This means that while there may be common practices or norms within certain areas or transactions, it ultimately comes down to the agreement reached by the buyer and seller.

In some cases, the buyer may choose to pay for title insurance as they are the ones benefiting from the assurance that the title is free and clear of any potential issues. Conversely, a seller might agree to cover the cost as part of their concessions or to make the property more appealing to potential buyers.

Since real estate transactions can vary significantly based on local customs, the preferences of the individuals involved, and specific circumstances surrounding the sale, it is essential to remember that these negotiations are a standard part of the buying and selling process. This flexibility allows both parties to negotiate the terms of the transaction that works best for them, including the responsibilities for title insurance payments.