Buying or selling real estate requires dealing with inspectors, realtors, and attorneys. For many people who try to take on all of this at once, this aspect of real estate deals can become overwhelming. However, you can streamline the process of selling or buying a home with the assistance of a real estate title company.
In the real estate industry, title companies are very important for protecting buyers and sellers, ensuring all the necessary documents are in place, and ensuring regulations are followed moving forward. The role of a title company goes beyond simply facilitating the transaction; it also provides protection and oversight.
Here are some of the ways you can work with a real estate title company: 1. Why You Need a Real Estate Attorney 2. Work Through Your Title Search 3. Title Insurance Offers 4. Facilitate Closings 5. Hire a Professional, Tennessee Real Estate Attorney
Why You Need a Real Estate Attorney
Showing your property and securing a real estate sale doesn’t require much more than basic knowledge of your property and the surrounding market. However, once an offer is accepted, there are many intricacies that can make or break a deal.
To complete a fair, legal, and secure property sale, you need to make sure all of the essentials are covered. Rochford Law & Real Estate Title helps property owners with FSBO sales every day. Gain the comfort of knowing you didn’t leave anything out — from the purchase and sale agreement to the title search, and all the way through closing.
Work Through Your Title Search
A new homebuyer is unlikely to have direct knowledge of the entire history of the house they are considering. This might not be the case if you are purchasing a newly constructed home. As well as giving you a better understanding of your home, the history of your home can also play a significant role in its sale in the future. Public records enable real estate title companies to identify any information related to the property's title.
These details allow them to look for anything that might make the transfer of ownership less than clear. In short, a real estate title company serves as a means of verifying the legal right to sell the property and finding clarity on any potential issues with the property itself.
Common property issues are unpaid taxes, existing liens, easements, and leases (among others). A title company can identify these potential issues and protect their clients through closing.
Even though a property title search tends to be thorough, there is always a chance that another problem could arise in the future, perhaps when you sell the home you're looking to buy. In such scenarios, title insurance is important to protect your property from the fallout of title issues.
Depending on the real estate title company you choose to work with, you will be able to choose from a variety of different types of insurance options. Be sure to ask your real estate attorney what choices will work best for you and your property.
Reminder: Insurance policies work to reduce the amount of risk associated with the purchase of a property. And should an issue come up, the policy will provide a real estate attorney to work on your behalf.
When a property purchase is involved, your real estate title company may also be the closing agent. To complete the closing process and comply with all closing documents, a representative from your title company will be extremely helpful. As part of this process, the escrow agent is often required to verify funds, as well as disperse them as necessary. Title companies serve as neutral third parties in this process.
A professional will not be able to seek advantages for the client, but rather make sure that everything is addressed, signed, and filed properly. Any legal issues that may arise later in the process of transferring property can be avoided with these services. Title companies are one of the most important tools in helping all parties involved reach a satisfactory closing agreement.
Hire a Professional, Tennessee Real Estate Attorney
Working with an experienced real estate attorney like Rochford Law & Real Estate Title in Nashville, TN can save you time and money in the long run. It’s best to cover all your bases and get through a real estate transaction with as little problems as possible.
However, it’s comforting to know that should a dispute pop up, a real estate litigation attorney can help find a resolution.