So, you’ve found the perfect home for you and you’re ready to move forward with the transaction. What now?
Real estate transactions are somewhat complicated affairs, requiring careful attention and specialized knowledge due to extensive regulations and financial maneuvering. A qualified title company is a must. With subpar work, you’ll risk closing delays, being saddled with title defects, improperly filed paperwork, or running afoul of real estate law.
To make sure you’re covered, read on to find out how you can choose a quality title company that works for you and your budget.
Finding The Best Title Company For You
The first step in searching for the best title company is determining what kind of title and closing services your loan requires. Because the lender has a stake in your property for the duration of your repayment, they’ll have some say in what kind of title services they require. You can ask your lender for more information in this regard.
Also, depending on your location, these services will be provided by institutions with different names. Some places require the use of a closing or settlement agent, others an escrow agent, and some require a closing attorney. Determine what your local regulations require.
Get Title Company Referrals
Once you’ve determined what you need and what you’re allowed to get, it’s time to ask for referrals. You should start by talking with your real estate agent. Agents tend to have substantial and high trust professional networks that they’ve built throughout their careers. Your real estate agent, who is familiar with local title companies can give you great guidance. but don’t hesitate to reach out to friends, family, and co-workers as well. If they’ve been in a similar situation they may be able to provide you with personal insights beyond what your agent might recommend. If they had a great experience with their title company, you might have what you’re looking for already.
Very likely, buying a house will be the single largest financial move you make in your life. The stakes are a little high, so you’ll want to vet the reputation of your prospective title company. Not only that but gauging reputation is probably the easiest way to determine if a title company and its employees are worth considering. Most legitimate and professional title companies will have a professional website where information about their experience and services offered is readily available.
To an extent, online reviews are another important source for determining the company’s reputation. Take them with a grain of salt though because it’s also a space people like to air their very particular grievances. No matter how you approach learning about their reputation, try to get a variety of viewpoints to take a wider view.
Choose Heights Title Company
If you’re looking for a quality title company to handle your closing, choose Heights Title Company. We’ll put our expertise and experience to work for you. Let us get you and your family into your new home.