No matter how many times that you’ve done it before, buying or selling a home can be a complicated process that requires a lot of research and paperwork before the property can legally and officially change hands. And the prudent buyer should always include in this process a decision to purchase title insurance to reduce your risk to title defects, commonly known as “title clouds.” Misfiled paperwork, liens on the title, and unknown heirs are just a few of the problems that you can encounter along the way, and, without title insurance, you run the risk of having to pay exorbitant legal fees out of pocket to resolve the clouds on the title.
Buying or selling a home or an investment property is hard work, no matter how many times that you’ve done it before. Once an offer is accepted, the hard work officially begins, and if you don’t have a great title service company helping you prepare for closing, you’re taking an expensive risk. But with so many real estate title companies competing for your business, making an informed decision can often feel overwhelming!
Buying a new home is a very detailed process that can be a little intimidating, no matter how many times that you’ve done it before. But if you have the right professionals in your corner to help you prepare, you’ll probably realize that the process was much easier than you imagined.