For many people, choosing a real estate title company is as simple as choosing the one recommended by your real estate agent. After all, the fun part of buying a home is finding the perfect home, right? What does it matter who processes your paperwork, acts as a notary, or performs the title search? Well, a lot, actually. Read on for some of the things to look for when choosing a real estate title company.
Basic services of the real estate title company
Probably most important is that you want a business that understands the area you are shopping in and knows the applicable federal, state, and local laws. This is particularly important when it comes to state and local regulations, as they can vary from state to state or jurisdiction to jurisdiction. You also want a company that treats you well, just as important as the next customer. Your real estate title company should be approachable and willing to help you, answer your questions, and guide you through the closing process. And, of course, you want a responsible company that performs the title search as expected. Buying or selling a home can be very stressful, and feeling confident and secure with your title company will help ease your anxiety.
You can also search for a real estate title company that offers escrow, notary, and closing services in addition to title searches. Yes, it is true, not all title companies do. If you choose one that offers these additional services, along with title insurance and title search, you know that all relevant and important parts of your home purchase and closing will be served by a single company. You won’t have to go around trying to find an escrow agent, notary public, and title insurance and then coordinate all those companies that have a representative at your closing. All your information will be in one place, so the probability that your closure will occur on time and without problems is much higher.
The Importance of the Real Estate Title Company
Most people don’t even know that they can choose their own real estate company. It is very important to choose a company that you trust because they are responsible for a very important part of the home buying process: making sure that the property is free and free for purchase. The title company conducts a thorough search of records against the property’s title, making sure there are no links, back taxes, or hidden problems with the property. The company will also prepare the property summary, request a survey, and file all state and federal documentation after closing. The company can even act as a closing agent. So you want a company that knows what it’s doing, is unbiased, responsive, and thorough.
Choosing the right title company can make the difference between a stress-free, on-time closing and a delayed or troubled closing. It’s worth the time and effort to do some research before selecting one.