If you’re in the market for a new house in Florida, you have a number of different duties that you must perform to complete the process. While some of the duties, like picking out the right neighborhood or school district can have a major impact on the success of your investment, others can seem irrelevant. Still, giving due diligence to the whole process is extremely important if you want to come away with the best results.
Some people in Florida fly blind through the process of choosing the right title company. This is a mistake. If you choose the wrong title company, you can cost yourself too much money, prolong the buying process, and even lose the perfect house!
Here are some of the dangers of choosing the wrong title company.
Purchasing a property with a cloudy title
One of the most important reasons to choose the right title company is to be sure the property you are purchasing is clear of any clouds on title. A good Florida title company will ensure that any clouds on title will be cleared before you purchase it. This piece of mind will allow you to purchase the home without wondering what issues there might be on title that may come back to haunt you.
Delays and unnecessary costs
If you choose the wrong title company, you might run into additional costs. Some title companies can charge fees that you won’t see until it’s too late. They’ll make sure you’re far enough in the process that you won’t want to back out once you learn about the fees. This can be challenging to your budget.
Beyond that, a title company can also cause delays that can cost you money. When you enter into a contract to buy or sell a home, there are often deadlines that must be met. A good title company can help you avoid these delays and unnecessary costs.
The best title companies in Florida understand that their clients need professional and secure service. Some title companies will do little to protect your information. Because you will have to give significant amounts of data to the title company, you want to choose one that’s trustworthy. Bottom line, title companies can compromise your privacy. In the digital age, when more and more individuals are apt to steal your information for their own nefarious purposes, a title company that you cannot verify their history or read their Google reviews can be a major risk that you don’t need to take.
Missing out on the perfect home
If you’ve been searching for a home to purchase, you know that the perfect home doesn’t come around every day. You might find yourself in the perfect situation, but you have to act quickly in order to close the deal. If you choose the wrong title company, you may even run the risk of losing out on the perfect home. Any unnecessary delays or problems could allow other buyers to swoop in and steal the deal. This is why it is critical to only work with a title company that can be verified and trusted to guide you through the process.