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.
If you’re involved in any real estate transaction, it is very important to make sure that a title search, a title examination and title insurance are part of the transaction. These items are at the core of any successful real estate transaction, and are imperative to making sure the real estate transaction proceeds smoothly. In the 20 years since First National Title Company was formed, we’ve performed thousands of title searches, conducted thousands of title examinations, and written title policies for millions and millions of dollars, and in our experience, they are all very necessary. Here are three very good reasons why:
Some people have careers that force them to relocate frequently, and some enjoy buying and selling investment or rental properties, but most people only buy and/or sell 3-5 homes over the course of their lifetime. The process can be intimidating, particularly in terms of the amount of required paperwork, and the number of professionals involved.