Top 5 Things to Consider When Choosing a Title Company
Purchasing a home is a stressful process in itself, and choosing a title company is an important step to finalize your home sale. If you, as the buyer, are planning to pay for title insurance, you will have the choice of the title company you prefer to conduct the closing and handle the verification of the title of the property. What follows is a list of five things to look for when you’re choosing a title company.
Consider whether or not the title company you are considering is able to meet critical deadlines. In a home sale, there are required documents, such as the Loan Estimate, those related to title insurance and Closing Disclosure that need to be delivered on time so the scheduled closing can proceed seamlessly. A title agency that has a reputation for delivering on time is a good sign.
Reviews and Testimonials
Take a close look at online reviews and customer satisfaction levels. These are often readily available through a quick Google search, and many company websites have their own feedback or review sections. By browsing through reviews, you can get an idea of how other people’s experiences have gone. Another good idea is to ask several reputable real estate agents which title agency and representatives they like to work with. Those who are in the business have a good idea of which companies are most diligent and able to get the job done. You also may want to receive title quotes in order to compare rates before making a decision. Check out our reviews on Google.
How quickly do the title agents respond to inquiries? Are they open in their communication with you, whether it’s via email, text or phone calls? If they take a while to respond, it could be a red flag that they may not be able to meet strict deadlines when it comes to the property title. If it takes them a long time to get back to you, even about simple things, such as if you asked, “How much are closing costs?”, it speaks volumes about how the rest of their business runs.
Years of Experience
How long has the company been in business? Do they have a good reputation with realtors in the area? Experienced title companies with good reputations will work hard, conduct a proper property title search, and make the efforts necessary to proceed to a closing date seamlessly. Having a closing escrow fail on a Friday afternoon because a title agency representative didn’t make a phone call shows a lack of care and effort on their part to ensure everything is complete. Experienced agents calculate accurate closing costs.
Location, Location, Location
Decide whether the location of the prospective title office is in a convenient location for you. If not, how much of the paperwork can you do online, and how does the agency ensure your documents are secure? You may need to visit the office frequently during the home buying process to sign paperwork, deliver documents, or make a payment for a service. Although many tasks can be accomplished electronically these days, some things you have to appear in person to do, and you’ll be happy and less stressed when you realize its proximity to your work or home.
Hopefully, these tips are helpful when you’re in the process of choosing a title company to complete your home buying process, from the initial title search to calculating closing costs and scheduling a closing date. At Title Partners, we have an experienced team of professionals who have been serving the state of Florida for over 22 years, and we’re here to ensure the final steps before your closing proceed smoothly — and that you can relax and enjoy the process.