Congratulations! You found the perfect new home, and they accepted your offer. You’ve completed the home inspection, secured financing, and the only thing left is to set the closing date. It’s an exciting time, but also one that many approach anxiously.
Real estate transactions involve many more people than just the buyer and seller. There are also real estate agents, appraisers, lenders, home inspectors, and other professionals involved. That’s why it’s crucial to find the right title agency to handle all the steps before closing, and make sure that your transaction isn’t delayed.
With real estate transactions, you need to be confident that the seller is the rightful owner of the property, and that there will be no surprises before or after closing. It’s important to perform the necessary research beforehand to confirm that there are no title defects (also known as “title clouds”) that could bring ownership into question before or after closing. Resolving title clouds can be an expensive and time-consuming process, and without title insurance, you could be personally responsible for exorbitant legal fees and other expenses.