What Questions Should I Ask Before Choosing a Title Company?
As a homebuyer, you have the opportunity to decide which title company you use to help you close on your new home. This is a big decision, as it can determine how smoothly the entire process goes. Many people do not know the important questions that they should be asking potential title companies in order to differentiate the best fit for them. This means that they may end up with whatever company their realtor suggests, which may be based more on familiarity and less on quality. Below are a few questions you can ask to get a good feel for the title company you may consider using to help you make the right choice for your specific needs.
Who Do They Work With?
You want a company that is well respected by a wide variety of real estate professionals. You should ask who they typically work with, and get a sense of how many partnerships they have formed. A title company that works with the same agents often suggests that they have shown themselves to be trustworthy and communicative. This most likely means that you could count on them to be a valuable partner for you as well.
Where Do They Work?
Understanding the story of the title company can tell you a lot about the type of service that they provide. Working with a locally owned title company means that they are familiar with local laws and rules. It also means that they feel a sense of accountability to their community. A locally owned business will offer you exceptional customer service not just because they are your title company, but also because they are your neighbor.
What are past clients saying about them?
One of the best ways to understand the experience a title company will offer is to hear directly from their past clients. It’s easy to do this with a quick Google search. Just type the company’s name and location into the search bar, and read some of the Google reviews that have been posted by past clients and partners, such as the realtors and lenders who regularly work with title companies on behalf of their own clients.
What is Their Level of Experience?
Of course you want a closing agent that has some experience in the field, someone who understands the nuances of the complex process. Experience translates to efficiency, great communication, and accuracy. You want your closing agent to do it right, and to do it on time. An experienced agent will ensure there are no delays or hiccups.
Do They Follow Industry Standards?
It is of the utmost importance that your title company follows the American Land Title Association (ALTA) standards. There is sensitive information involved when closing on a home, and these guidelines are in place so that your private information is protected. You want your company to at least follow these guidelines if not go above and beyond the way Trademark Title does.
If you ask these simple questions when you search for a title company, you will be able to see which companies will rise above to give you a superior experience in the closing of your home. Learn more about how Trademark Title ranks in each of these categories here.