Selling or purchasing a home is one of the largest investment choices that you will make in your lifetime. Here are some guidelines to follow when selecting a title company to handle your settlement.
Use a Company That is Local
It is important to select a title company Nocatee FL that is local to your new home, as they are much more likely to be familiar with local laws than a title company from out of the area is. Even if your real estate agent recommends a title company, be sure to vet it first and make sure you feel comfortable with their expertise. Some agents will recommend a company that they are used to working with or that is known to move through the closing process quickly, even though those factors may not be important to you.
Do They Have a Good Track Record?
Do some research to figure out if the company gets generally good reviews. Do they have a reputation for closing on time, or are they often late? Do their closings tend to go smoothly? However, be objective, and don’t rule a company out simply because they have a few unsatisfactory reviews as long as they have good ones as well.
Be Aware of the Fees
Whether you are the buyer or the seller, it is recommended that you get an estimated HUD-1 from a couple of title companies before you make a decision. This is a document that outlines all of the closing fees, and it will give you an idea of what your true costs to close are. It’s important that you are aware of closing and other associated costs so you aren’t unprepared for settlement.
Choosing the right title company is a major factor in the success of your purchase or sale, but being aware of these few simple guidelines will make the process go smoothly.