If you’re about to complete a real estate transaction, you may be searching for a title agency. These professionals search the titles, offer title insurance, and address any disputes along the way. Due to the title company’s integral role in the transaction process, choosing a quality agency can help secure a proper transfer of ownership. If you plan to buy a home, ask your prospective agency these three questions to ensure a smooth transaction.
What Should You Ask a Prospective Title Agency?
1. How Long Have You Been in Business & What Are Your Credentials?
Look for a company with years of experience serving your local community. While your real estate agent and lender may offer suggestions, ultimately, you can choose any title agency that suits your needs. Consider browsing online for reviews, or ask a prospective agency to provide some. You should also verify that the business is part of local and federal land title associations by looking them up on your state’s Department of Labor and Industries website, or ask the contractor directly for proof of affiliation.
2. What Will the Process Entail?
Ask your prospective title agency about the details of the process, from day-to-day communication through closing. Look for a company that is willing to work with your timeline and can be prompt and flexible with communication. A proficient company will make the process smooth and streamlined every step of the way.
3. How Will Title Insurance Cover My Investment?
Ask the agency about the details of the title insurance. A quality contract should cover your investment for the whole time you live there and for the total price of the title. Meanwhile, an inefficient title may jeopardize the buyer’s claim to land, so ensure you completely understand the agreement before you make a commitment. In particular, review any policy exceptions very closely, including liens or judgments that may impact your title down the road.
For a trusted title agency in the Cincinnati, OH, area, look to All Points Title & Closing. Since 1986, the Hamilton-based agency has helped locals receive the assistance they need with real property transfer. The team is associated with the Ohio Land Title Association, First American Title Insurance Company, Old Republic National Title Insurance Company, and the Greater Hamilton Chamber of Commerce, and they are proud to adhere to ALTA Best Practices in accordance with the Consumer Finance Protection Bureau. For your convenience, the A+ BBB®-rated business provides some of their forms online. To get started, call today at (513) 863-7600.