If you are interested in buying or selling a home, you might have thought about hiring a title company. While you certainly aren't required to use real estate title services, it is beneficial. Aside from saving you precious time, a title company can help in these three ways:
Perhaps one of the biggest benefits of using real estate title services is the ability to do research. This is very handy, as the title company will do most of the leg work for you. Instead of you searching through the homes history and its title history, the company will do it for you. They will ensure that everything is in the clear and that there are no additional fees to pay—which is handy for both buyers and sellers.
They'll also discover whether any insurance claims were filed and why. If there were any claims filed, they'll find out whether the situation was addressed and fixed. This is also handy, as it gives you peace of mind knowing that the house is in good condition.
2. Escrow Protection
A title company will also protect the escrow during the sale. This is a nice perk, as it ensures that the money (or escrow) during the process remains safe. It also ensures that the money goes to the correct person—at the correct time. Whether buying or selling, this is a big benefit. After all, you don't want money sitting in escrow to be released too soon or to the wrong person.
Finally, real estate title services often handle all of the closing procedures when it comes to buying or selling a home. The company will be responsible for receiving, protecting, and sending the money to the home owner. In complicated sales, these professionals can also be used as a source of mediation for both the buyer and seller. In addition, title companies also finalize and double-check all legal paperwork to ensure that the sale (or purchase) goes through smoothly—and that there aren't any hiccups, legal or otherwise.
As you can see, there are many good reasons to consider using a real estate title company. Whether you are buying or selling a home, you should definitely consider hiring one of these professionals to work along your side. After all, they make the transaction process much smoother. So, if you are interested in learning more, contact a local real estate title company in your area. To learn more, contact a company like TitleSmart.