“Do I need a title company to sell my home?” We get asked this a lot. Buying a house is one of the most important decisions you’ll ever make. If you want to be sure everything goes smoothly and you get the best deal, it’s worth hiring a professional to help you through the process.
Why you might need a title company
Title companies help ensure your title is clear and free of liens. If you don’t have a title company, they can get all of the information you need on your title from the county clerk’s office. Additionally, they are good at guiding you through the paperwork required to secure your mortgage.
If there is a problem with your home or property, it’ll be easier to resolve any issues with a knowledgeable professional. Title companies are well-versed in real estate law and can help guide you through everything that goes into purchasing a new home.
What does a title company do?
“So,” you might ask, “if I hire a title company to sell my home, what will they do for me?” Here are a few of the responsibilities that title companies have.
Title Search
A title search confirms that the property is owned by the person selling it to you and that there are no liens on the property.
Title Insurance
They will look out for any issues or problems with any documents involved in transferring property ownership from one person to another.
Lien Searches
This can help confirm no unpaid taxes, outstanding loans, or unpaid homeowner association dues associated with your new property.
Document Preparation
The paperwork involved in buying a home can be complicated and time-consuming. A professional will work with you every step of the way–from drafting agreements to filling out forms–to ensure nothing falls through the cracks.
Mortgage Processing
Once all relevant paperwork has been submitted, a title company will work on your behalf with lenders and other professionals to make sure everything goes smoothly and quickly on closing day.
What are some things to look for in a title company?
Title companies come in different shapes and sizes. If you want to ensure they’ve done this process before, ask for client references or read reviews online.
- Do they specialize in Texas real estate?
- Do they have experience with the property in which you’re interested?
- Will they charge an upfront fee, or will they be paid once the work is completed?
- How many years have they been around?
- What are their fees?
How do I find the best title company for me?
Joe Homebuyer of West Texas can take the stress out of the title company process. Consider selling your home to us if you’re selling your house in or near Abilene, Texas, and want to bypass the traditional selling experience. We evaluate homes and make cash offers, typically with a pay-out within seven days. When we make an offer, we use a reputable title company to help us finalize the details. Contact us today to learn more.