Christopher Dean Mcdonald's Answers

Is a buyer in a real estate purchase and sale responsible for any fees in NY state

A title search cannot cost $3,800. However, title insurance, which protects you and your lender that you have valid legal title to the property can cost that much and more. The fees are set by state law. I would highly recommend that you purchase this insurance and not try to cut this as a cost. In addition to title insurance, there are a number of fees that a buyer of real estate has to pay in connection with the purchase. There are certain other costs that a seller is responsible for....