When purchasing a home, some important decisions must be made aside from the number of bedrooms or bathrooms, square footage, or desired neighborhood. You must also find a realtor, a lender, numerous other professionals such as appraisers and home inspectors, and a title/closing company. With numerous closing/title companies competing for your business, how do you make the best decision?
Shopping for real estate conjures up a lot of emotions. Chances are that you are moving from a place that you’ve called home for a very long time, and there are few decisions that you’ll make in your life where the stakes are as high as buying a new home. It’s important to leave no stone unturned before making your final decision, because you have to live with the results.
Preparing for closing can get a bit overwhelming for most people. After what is often a lengthy search, it’s exciting to find the perfect property. But once the buyer and seller agree on a price, the real work begins. Buyers have to arrange for financing, schedule home inspections, file legal documents, and make a lot of phone calls. There are also a number of fees that have to be paid up-front that aren’t part of closing costs. And then there’s the decision about whether or not to buy title insurance.