How to Find the Right Title Company for Your Real Estate Transaction
Posted: Oct 17, 2015
When you draft an offer to purchase property, you will need to select the title company and title agent that you are going to use for assistance with the transaction. This information is typically listed in the sales contract and must be filled in before the offer can be submitted to the seller. The title company is often recommended by your own real estate agent at the time the sales contract is drafted. However, you are under no obligation to use that agent or company, and you may consider researching the options more thoroughly before you make a decision about how to proceed.
Get Referrals from Friends and Family
Getting a referral from a real estate agent is not the same as getting a referral for apremier title company Siloam Springs AR from friends and family. The relationship between a real estate agent and a title company is generally professional, and some real estate agents may recommend a specific title company because they have a great track record for serving clients. However, some may recommend a title company simply because they have given them referrals in the past, and it is difficult for you to make this determination. When you get a referral from friends or family members, you likely will get a referral based on how their personal experience was with the company. This is especially true if you ask friends or family members who have recently closed on a home loan.
Read Consumer Reviews
Just as you can find online reviews on everything from restaurants to car dealerships, you can also find consumer reviews about title companies. The Elite Title Company may seemingly play a small role in your real estate transaction, but you may actually be surprised at how important their role is. They are responsible for holding funds in escrow, researching and clearing title objections, preparing the closing statement, facilitating closing with all parties and more. When you read consumer reviews, pay attention to how friendly, responsive, communicative and generally effective the title company was. In addition, pay attention to the specific title agents who are mentioned in the reviews. Keep in mind that the level of service you receive from one title agent can be very different from what you would receive from another agent at the same company. Ideally, you will be able to find some online reviews for the same title agents that your real estate agent, friends and family members referred you to.
The selection of a title company and agent often comes at a time when you are preparing to make on offer on property. You may be excited about the property and anxious about whether your offer will be accepted. While many will simply use the first title agent that is recommended to them, there are benefits associated with spending time conducting research. By taking time to follow these steps, you can more easily make a great selection when deciding which title company and agent to use for assistance with your transaction.
The author is an expert to resolve any kinds of title disputes. She has penned down to write the article to make people aware of diverse ways of resolving title disputes Siloam springs ar.