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Updated over 7 years ago on . Most recent reply

User Stats

82
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12
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Lisa Mauritis
  • Hallandale Beach, FL
12
Votes |
82
Posts

Seller Paying For Title Company Costs For Buyer

Lisa Mauritis
  • Hallandale Beach, FL
Posted

Hey Guys,

Can anyone help me? 

I am just about to buy an investment property.  Because the seller greatly over paid the property years ago, he is not being very negotiable even though I am coming in with a cash offer and no contingencies.  Because of this, I was wondering if I can get the seller to use his title company and cover my closing costs as a way of reducing the cost of the property.   

When I first started making offers on property in south Florida, REO's (bank owned properties) it seemed to be customary for the seller to want me to use their Title Company and they would cover the cost.

My question is, is it possible to set up the same scenario with the seller that I am currently dealing with on this investment property (no realtors involved).  If so, how would I approach this with the seller?

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