What to Look For When Choosing a Real Estate Title Company
The real estate title company plays an important role in the home-buying process. Learn how to choose the appropriate one for your closing to ensure a smooth closing process and ease any pre-closing jitters you may have.
Basic Services of the Real Estate Title Company
Probably most importantly, you want a company that understands the area you're buying in and knows about applicable local, state and federal laws. This is particularly important when it comes to local and state regulations since they can vary from state to state or jurisdiction to jurisdiction. You also want a company that will treat you well, as important as the next client. Your real estate title company should be accessible and eager to assist you, answer your questions and walk you through the closing process. And, of course, you want a responsible company that will perform the title search as expected. Buying or selling a house can be very nerve-wracking and feeling confident and secure with your title company will help ease your anxiety.
You might also search for a real estate title company that offers escrow, notary and closing services in addition to title searches. Yes, that's right, not every title company does. If you choose one that offers these additional services, along with the title insurance and title search, you know that all of the relevant and important pieces of your home purchase and closing will be taken care of by one company. You won't have to run around trying to find an escrow agent and notary public and title insurance and then coordinate all of those companies having a representative at your closing. All of your information will be in one place, making the likelihood of your closing happening on time and without issue much higher.
The Importance Of The Real Estate Title Company
Most people don't even know that you can choose your own real estate title company. It's very important to choose a company you trust because they are responsible for a very important part of the home-buying process: making sure the property is free and clear for purchase. The title company conducts a thorough records search against the title of the property making sure there are no liens, back taxes owed or hidden issues with the property. The company will also put together the abstract for the property, order a survey and file all of the state and federal paperwork after the closing. The title company may even serve as the closing agent. Therefore, you want a company that knows what it is doing, is impartial, responsive and thorough.
Choosing the right real estate title company can make the difference between a stress-free and on-time closing and a delayed or problematic closing. It is worth the time and effort to do a little research before selecting one.
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ABOUT THE AUTHOR
Chris Harmen writes for Title Junction, a Fort Myers and Cape Coral real estate title agency. The company serves clients throughout Florida and Cape Coral. Notary and escrow services are also available.