Let’s face it; Buying a home is complicated. From dealing with the hassles of securing a mortgage to handling the details of moving into a new home, there are many concerns that must be considered. One consideration that is often not given much thought is title insurance. However, because title insurance is so important to ensuring that the closing process goes smoothly, it is important to know what to expect. Read on for a few helpful tips on how to choose the right title insurance company so that you can take the headaches out of homeownership.
Shop around to find the best title services company
Because title and settlement services are unregulated in Maryland (except for title premiums), there can be a major difference in prices between companies. In fact, gathering quotes from a number of different title services companies can save you up to 20%! In addition to the cost of your title insurance, there are many other associated costs that can quickly add up if you do not conduct your due diligence. Things such as courier fees and costs for wire transfers can vary widely between companies, so it often pays to shop around. Be sure to ask the company about exactly what their quote will cover: Is it the total amount that you will be expected to owe, or simply the cost for title insurance?
Do some digging into their track record
When you find a few title and settlement services companies that you may be interested in working with and whose prices are in-line with your budget, you’ll want to do a little bit of research into their background and qualifications. How long have they been in the industry? How many closings do they oversee every year? Some title service companies can be fly-by-night organizations that don’t have a deep understanding of title insurance. Online review sites are a great place to begin your research and you should seek out testimonials to learn more about what it’s really like to work with your chosen company.
Get In Touch With Residential Title and Escrow Today
At Residential Title & Escrow, we bring peace of mind to the settlement table. If you are looking for a title company to help you through the closing process, please contact us today! You can also fill out our simple online title request form and one of our knowledgeable representatives will get in touch with you promptly. Be sure to follow us on Facebook,Twitter, and Google+ to stay up to date on industry news and events.