Real estate inspectors, realtors, and attorneys are required for any direct sale of real estate. Without the necessary background knowledge or experience, trying to handle these tasks on their own can become overwhelming. A title and closing company will work to streamline your sale or purchase.
A title company is extremely important in protecting the buyer or seller and ensuring that all the necessary paperwork and legal requirements are completed. In addition, title companies give lenders protection and facilitate the transaction as smoothly as possible. To learn more about the reasons to invest in the help of a title and closing company, read on.
Here are some of the top reasons to invest in these services:
- Receive Assistance with Issues & Negotiation Needs
- Understand Important Info About Your Title
- Experience a Seamless Closing Process
Receive Assistance with Issues & Negotiation Needs
Oftentimes, real estate contracts are breached during the purchase or sale process. It is the responsibility of each party to make sure that each aspect of the transaction contracts and documents are completed properly. Legal action may be taken against a party who fails to comply with the terms of any contract section.
When you need assistance, a real estate title company can provide you with the expertise you need. From issues found within your title search to structural problems within the property, a real estate title and closing company will be able to offer you assistance in the form of negotiation or even insurance options.
When it comes to transactional insurance, a buyer or seller can opt to make use of a lender’s home policy or an owner’s home policy. Lender’s policies will be in place until the full amount of the loan is paid off, whereas owner’s policies assume coverage as long as the homebuyer owns the property. Regardless, a title and closing company can ensure you are protected throughout the real estate transaction process.
Understand Important Info About Your Title
Most people don't have access to the entire historical records of a new house, particularly if it is a new house. A home history is not only useful for providing more background on a property, but it can also affect the sale of your home in the future. Real estate title companies can locate any title related to the property in question in public records.
With this information, a title company can detect any obstacles to the transfer of ownership. Agents for real estate title companies verify that the individual selling a property has the right to sell it, and can clarify any issues regarding the property. As part of your title search, a quality title and closing company can identify existing liens, unpaid taxes, easements, leases, and other details.
In some cases, your attorney can request a property survey from the real estate title company you are working with to confirm the property line is accurate and that there are no other problems prior to closing the sale. Incorporating important title information into your property transaction can make or break your sale.
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Experience a Seamless Closing Process
When you close on your property, you may also be able to assign your real estate title company the role of closing agent. An agent from the title company will assemble all the required documents prior to the closing date specified in your purchase agreement. Part of this process will be to verify and distribute final funds when necessary.
Your title and closing company can act as a third-party neutral during the closing process on your property. A title and closing agent can offer an unbiased view into the transaction as their role at this point is to ensure everything is signed and filed properly. In light of this, legal transfers can also be obtained through these title services, thus preventing any issues that may arise later on.
Real Estate Law Firm Services in Nashville
Rochford Law & Real Estate Title serves residential real estate and commercial real estate clients. Our Nashville real estate attorneys represent landlords, owners and tenants in various types of real estate disputes. By hiring our Nashville real estate attorneys, you will save money and ensure all aspects of your real estate transactions are handled with due diligence.
We offer comprehensive real estate law services including, but not limited to:
Need real estate assistance in Nashville, TN?
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