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.
As closing approaches, there are many preparations to be made, and papers to sign. You can generally assume that all parties are operating in good faith, but even so, it is possible to turn up a defect when doing a title search (commonly referred to as title clouds). When that happens, the sale cannot proceed until the cloud is resolved, possibly resulting in lengthy delays and exorbitant legal fees.
When you’re purchasing real estate, an accepted offer is merely the first step. The following months involve a lot of paperwork, research, legal filings, and professional consultations. That’s why it’s so important to get the right professionals in your corner from the start! But do you know how to choose a title company?