Real estate · Reinvent NY glossary
Title insurance protects property buyers and lenders against claims, liens, or defects in the property's ownership history that were not discovered during the title search. A one-time premium is paid at closing — typically 0.5-1% of the purchase price. There are two types: lender's title insurance (required by mortgage lenders) and owner's title insurance (optional but strongly recommended). Title insurance covers issues like forged documents, undisclosed heirs, recording errors, and outstanding liens. In New York, title insurance costs approximately $4,000-$7,000 for a $1M property.
The four states international buyers ask about most: New York up 5.2% on the year, California at a 4.22% yield, and what Texas and Florida really cost.
Indiana, Missouri and Ohio in 2026: state gains of 3-3.5% on the year with yields of 5.75-6.61%, and the secondary cities quietly outperforming the metros.
Baltimore in 2026: a $192,669 typical value, $1,799 rents and an 11.2% gross yield — the highest on the Northeast corridor, and what the price is telling you.
Ohio in 2026: a $251,502 state median up 3.5% on the year, with Cleveland at a 14.13% gross yield and Columbus at 6.96% — and what separates the two.
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