Posted by Jimmy on May 21, 2006 at 08:36:10:
Maybe I was a little too broad with my comment about SF Bay Area. I sold my house in Contra Costa County last year, and the buyer paid for title. and I have sold properties in estates (I’m an atty) in San Francisco (2004) Menlo Park (2006) a 4-plex in San Carlos (2004), and the buyers footed the bill each time.
I think it has more to do with the relative “heat index” of the particular market. Except for the 2006 Menlo sale, the others were all in hot markets, where sellers held most of the cards. not sure why our Menlo buyer did not push for us to pay for title. We would have been willing, as Menlo had weakened considerably between mid-2004 and early-2006.
and I bet that a lot of buyers in San Jose and vicinity paid for title when the market was raging from 1998-2004. but I was not a party to any deals there, so I am just guessing