Rachael Ossovicki | title insurance

Searching for a Title Company

When it comes time to select the title company, keep the following in mind:

The final stages of buying a home involve working directly with  a title company to finish the closing process.  The title company validates the real estate’s title, issues title insurance for the property and may conduct the closing on the home.  At closing, a title company representative will bring the necessary paperwork, collect closing costs and ensure all documents are filed with the appropriate entities.  When it comes time to select the title company, keep the following in mind:

Talk to Your Real Estate Agent

Consider references from real estate agents, since they are familiar with a landscape of title companies in the area. You will be making an important decision, so asking multiple agents and cross-referencing are often recommended. Real estate agents can inform you which title companies execute their plans in a timely manner and push through the process more effectively and efficiently compared to others. Many real estate agents develop preferences based on the title companies who put in extra effort into making sure escrow moves ahead smoothly and closes in a timely manner.

Do You Research

In addition to real-estate agent referrals, ask friends and family members in your area for a reference. If someone you know had a great experience with a particular title company, you might, too! Gather a small list of recommended title companies and research online. Look for what reviews say about the company and the service.

Communication is a Must

The most important aspect of choosing the right title company is the ability to communicate. You need to work with a team of highly-skilled communicators that not only understand your role and your customers’ needs in the closing process but know how to stay on top of lending agreements and translate forms into a language everyone involved in the sale can understand. It’s a job best left to the experts.

You Have a Choice

Ultimately, remember there are laws that allow you to choose any title company you want; you don’t have to use a company selected by a real estate agent, builder or lender. You can use a referral from a friend or family member or even from your lender. While many homeowners rely on referrals from industry professionals, you have the right to shop for and select any title company you choose.
Choosing the right title insurance company is essential to a successful closing process. It is vital your title company be knowledgeable in all aspects of the closing process.  The right title company can ease any stress during the closing process and be a valuable resource to answer any questions you may have.

 

Have title-related questions today? Contact a member of our team for answers!

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