Think back to the time that you purchased your house. You may recall that a title company worked with you to get you settled in. They were the ones that worked together with all of the stakeholders to handle all of the finite details during the transaction. Title companies get hired to ensure that nothing goes wrong when making the purchase.
But you may be wondering what a title company does for the seller during the transaction. There’s actually quite a bit they do to make things easier. Here is what a title company does to help sell homes.
When you want to accept an offer someone has for your house, you will then need to sign a contract for sale. This contract will specify everything included in the agreement and whatever conditions have to be satisfied prior to closing the deal. A title company helps by taking a thorough look at the contract and validating everything in it and all of the supporting legal documents that may go with it. They will also bring in real estate attorneys who have a deep understanding of these contracts.
Perform Title Searches
One of the main purposes a title company has is to conduct title searches on whatever property is getting sold. Title means that someone has the right to both own and use a given property. This is different from a deed, which is used for verifying titles. By searching through government records, a title company can determine if there are any legal issues tied to a property that could influence the transaction.
Now, while this helps protect buyers from buying homes with strings attached, there are also benefits sellers get. If there is any delay while getting a house sold, it can cost them money. Plus, knowing about legal issues is highly important when selling property. You want to be sure that no detail is missed when selling a house because it’s required by a lot of mortgage lenders, and the information helps you tackle whatever legal obligations you may have.
A title company can find a solution for a lien that may be against your property. Liens are time-consuming to address, and they can get complicated. You don’t want to be without an effective course of action when a contractor makes nonsense claims about not getting paid, among other things. A title company provides you with a negotiation expert capable of handling issues like this so that you can bring your sale to a close.
A Title Company You Can Trust: Colony Title
At Colony Title, we will help you through the process of getting your property’s title and help you avoid the pitfalls of hidden costs while you buy your home. We are also well trained in identifying any and all errors in public records and helping you resolve them. We specialize in real estate title insurance in both Maryland and Washington, D.C., and we will perform an expert title search, check through all past documentation, and examine records for any fraud or forgery. For more information on how we can get you into the home of your dreams, contact us online or give us a call at (410) 884-1160. To get more updates on housing markets and how to get into your home, follow us on Facebook, Twitter, and LinkedIn.