Page 11 - Real Estate Laws and Customs - State by State Guide by Old Republic Title
P. 11

State Locations

                                                                                                 A STATE- BY- STATE GUIDE
        R E A L         E S T A T E           L A W S          &      C U S T O M S                   DELAWARE
        Title Insurance Rates   DELAWARE
            Filed

       Form of Conveyance   DELAWARE
            Special Warranty Deed; General Warranty Deed

       State Encumbrance Forms   DELAWARE
            Mortgage
       Customary Closing Entity       DELAWARE
            Attorney

       Commitment Issued? Duration?          DELAWARE
            Yes; 6 Months
       When Is Invoice Issued?      DELAWARE
            At Closing
       Deed Transfer Tax?   DELAWARE
            Yes; Realty Transfer Tax

       Mortgage Tax?   DELAWARE
            No

       Leasehold Tax?   DELAWARE
            No
       Remote Online Notarization (RON) Status          DELAWARE

           Law Passed, Not Effective Until 8-1-2023
        CUSTOMARY SPLITS
       Owner's Policy Premium   DELAWARE
            Buyer Pays


       Loan Policy Premium   DELAWARE
            Buyer Pays


       Title Search and Exam Fees   DELAWARE
            Buyer Pays


       Survey Charges   DELAWARE
            Buyer Pays; Sometimes Negotiated


       Deed Transfer Tax   DELAWARE
            Divided Equally


       Mortgage Tax   DELAWARE
            Not Applicable


       Closing Fees   DELAWARE
            Negotiable


       Recording Fees   DELAWARE
            Buyer Pays



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