Negotiating Title Company's fees

[Ivonne Pinedo]

Hello BPer's,

I am closing on my second rental single family home this upcoming Tuesday and need advice on the title company fees. The first company just charged title insurance $472 and title settlement fee $125.

Comparing to this company:

Survey fee $300

Title copy fee $55

Title courier fee $65

Title erecording fee $30

Title Lenders insurance $620

Title Settlement fee $250

Are these negotiable? Is it too late to change title company if they would not adjust prices? Thank you for your time and look forward to your responses.

[John Warren]

@Ivonne Pinedo the title company costs are probably negotiable, but I doubt you are going to save much. Title companies are notoriously low margin businesses and although these fees may look silly the title company doesn't make that much per transaction. I never personally have spent much time negotiating these fees as these are the people that are on your team who you will need a favor from in the future. My attorney (we use attorneys here in Chicago) is a HUGE part of my success, and I want to make sure he makes money too.