For Sale By Owner Transactions: Selecting A Title Agency

Feb 27 08:07 2012 Chris Harmen Print This Article

Home buyers involved in for sale by owner transactions need to understand how to select a title agency. Learn what services title agencies provide and how to choose the right one for you.

All home sales need the services of a real estate title agency no matter if you're buying a home with the assistance of a realtor or if you're involved in a for sale by owner transaction. The title company provides services that no one else can,Guest Posting and some that you are better off not doing on your own. Choosing the best real estate title company to fit your needs is simple if you know what to look for.

Basic Services The Real Estate Title Company Can Provide In For Sale By Owner Transactions

Real estate title agencies are impartial service providers to real estate transactions. Although generally selected by the seller, this is a negotiable part of a real estate transaction. Regardless of which party selects the agency, the title agency does not work for one over the other. Rather, they work for the good of the transaction. It is the job of the title agent or agency to ensure the transaction closes on time and with all the necessary documentation and payments needed.

Title companies are most well-known for facilitating the closing and conducting the title search. This search ensures the property is free and clear of liens and legally available for sale. In addition to the title search, the title company provides real estate title insurance, which is required in nearly all real estate transactions, even if it happens to be a for sale by owner transaction.

Full service real estate title agencies can provide services above and beyond title search and insurance to a for sale by owner transaction. A full service agency can make the closing run smoothly by housing all of the services you need under one roof, including escrow and notary services. This often cuts down on confusion over which agency has what information and speeds up the closing process as well.

Title agencies are also familiar with the local area, including all applicable local, state and federal laws. This is particularly important since they can vary from state to state or jurisdiction to jurisdiction. Title agents very often help foreign real estate investors navigate their tax responsibilities under FIRPTA, as well.

Choosing The Right Real Estate Title Company For Your For Sale by Owner Transaction

The real estate title agency is often overlooked as a partner in a for sale by owner real estate transaction, yet the services these companies provide are critical to the success of the sale. While it is technically possible to conduct your own title search, unless you are familiar with where to look and what to look for, you're best off letting an experienced professional perform this work for you. The last thing you want is to find out down the road that there are liens against your newly purchased property.

When selecting a title agency to assist you with your for sale by owner transaction, look for a company that offers all of the services you need and treats you well. The 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.

Being involved in a for sale by owner transaction can be nerve-racking due to the amount of paperwork and guidelines that must be followed. Choosing a title company that you trust and feel confident in will help ease your anxiety.

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About Article Author

Chris Harmen
Chris Harmen

Anyone involved in a Fort Myers for sale by owner real estate transaction can expect to receive the highest level of service at Title Junction. The real estate title agency serves clients throughout Florida and has a strong background facilitating Cape Coral for sale by owner real estate closings.

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