Which Title-Company Charges Should a Utah Ski-Property Seller Verify?

When preparing a seller net-proceeds estimate, separate the amount of a closing charge from the question of who pays it. Two items to verify are the buyer’s owner’s title insurance policy and the escrow or settlement fee. Utah’s public guidance describes a usual allocation for the owner’s policy, while the state-approved purchase contract provides a default allocation for escrow fees—not a universal rule for every sale. Source · Source

For the owner’s title insurance policy, the Utah Insurance Department says the seller usually pays for the buyer’s policy. Treat “usually” as a starting point, not a guarantee. Ask the settlement provider for the premium estimate and confirm the payment allocation in your transaction documents before including it as a seller expense. Source

For escrow and settlement services, §4.3(a) of the state-approved Utah Real Estate Purchase Contract says each party pays its respective fees unless otherwise agreed in writing. Request an estimate of your fees and check the signed contract and any written changes. If you are considering an agreement to pay more of these charges, compare your estimated net proceeds with and without that added expense. That keeps the conversation focused on the cost to you rather than an assumed customary split. Source