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Posted by  JanetK_CA on 11/5/19 4:33pm
I could be all wet here, but there's another possible explanation. Perhaps they figured that anyone who would quote only $85 for a direct cash closing wouldn't have the kind of experience they're looking for. (I'd like to think that's a possibility, anyway.  ) I know it's a small package, but I've seen 'normal', as in title co level, fees disclosed on settlement statements for cash closings. And the fact that's it's close by should be a benefit to the notary. After all, they aren't calculating their closing costs based on how far the notary has to travel... How often are we eating the cost for a little bit further than average for travel?
If you think in terms of a normal tc closing as paying between $150 - $250 (which we should, imo), you could start with the bottom end of that range (if you chose to) and negotiate from there. If you ended up at $125, that wouldn't surprise me. On the other hand, if a title co truly thought that $85 was too high, I'd be fine with them calling someone else. |
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