Purchasing a home can be the most significant purchase a person will make in their lifetime. Because of this, as a potential homeowner, you should take care to thoroughly research every aspect of your home-buying journey, which includes selecting the title company with which you choose to work. While shopping for a title company that will help you in your home buying journey, make sure to consider the three following factors.
Remember That the Cost for Title Insurance Varies
If you want to determine the title insurance premium costs in your area accurately, you should speak with a local title company. When shopping for a title company and comparing fees, it is essential to get detailed information about what services are included in a fee to ensure equal comparisons. Some title company rates may or may not include other services provided by the title company, such as conducting the closing and preparing and notarizing documents. When comparing rates between companies, make sure to get detailed information on what is included in each rate.
Real Estate is Local, and Homebuyers Should Shop Local
While many homebuyers rely on their real estate agent or mortgage lender for a title company recommendation, all homebuyers should remember that shopping for a title company is their right, as is choosing their title agent or company. When shopping for a local title company, consider factors like local expertise, service standards, market conduct, and commitment to the community.
Remember Why Your Home Needs Protection
New homeowners are often excited about the fun parts of getting a new home, like buying new furniture or redecorating the walls. They don’t want to worry about having to pay a bill left behind by the previous owner. An owner’s title insurance policy will help ensure that a homeowner’s bases are covered if any ownership disputes should arise. A title agent conducts a thorough review of the property to ensure that a homeowner has clear rights to a property. This work is necessary before issuing a title insurance policy, but this will guarantee that the homeowner’s ownership is protected.
No one wants to invest a large amount of money into a new home, only to have to spend more money to defend their ownership. When shopping for a title company, look for the people that will do their utmost to protect your homeownership rights.
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, LinkedIn, and Google+.