Why Choosing the Right Title Company in Chandler, AZ is Important?
When you buy a house, it may seem like there are too many decisions to make as it is. Because of this, you may be tempted to just “go with the flow” in terms of what title company is used for the home purchase. However, in many cases, you are allowed to pick who handles the title, or you can at least give your input into the matter. Before you give up your right to choose, discover why choosing the right title company in Chandler, AZ is nearly as important as choosing the right Chandler realtor is.
What Does a Title Company Do Anyway?
You know the title company is involved in your purchase, but what do they do? The title company handles all the legal aspects of the home buying process. Title companies provide a few vital services when you buy a house. This includes generating title reports and obtaining title insurance. These services protect you against certain potential property problems including liens, unexpected mortgages or back taxes. A title company protects you from these issues and makes the entire process of buying a home easier.
While many organizations may offer title services (including lawyers, escrow companies, and even some mortgage companies), you want to work with a firm that has experience and a good reputation. Check online reviews for information, contact your realtor (if you work with ReMax’s Cathy Carter, she can give you some excellent recommendations) or simply ask friends and co-workers for recommendations. With something like a title company, you want experience. After all, this is whom you are trusting with what is potentially the biggest investment you ever make.
If you are moving locally, it makes sense to choose a local title company. After all, you may be visiting the office or meeting with the representative more than once. However, if you are making a cross-state or cross-country move, this is often not a possibility. In this case, choose someone who will work with you remotely and remain in contact via phone or email even if you are not able to meet in person on a regular basis.
Fees, Fees and More Fees
Unfortunately, title services are not free. The buyer is usually the one that absorbs the costs of title services—be it part of the closing costs or paid separately. Because of this, it is important that you check out the rates that the title company charges. It is important to look at each fee structure in detail because they are not always calculated in the same way. Some companies use an “a la carte” pricing structure while others offer a package deal. Make sure you compare apples with apples to assure that you get a good deal.
Title insurance is a “must have” for many home purchases, but this type of insurance is called a “lender’s policy” and protects the lender, not you. If you want to keep yourself safe, you will need to purchase a supplemental policy called an “owner’s policy.” A title company can provide this service for you and make sure you get exactly the coverage you need at a price you can afford. A reputable title firm will be happy to discuss all the options with you.
You Get What You Pay For
While you want to save money in every way you can, especially when buying a new home, it is vital that you invest a bit in title-related services. This is not something that you want to skimp on and try to muddle through alone. Make sure you have a good title company on your side to help assure that the purchase goes smoothly, and so you are protected if any issues crop up down the line. This is a cost that is well worth paying.
As you can see, choosing the right title company makes a big difference in the overall buying process. If you work with Cathy Carter as your Chandler realtor, you will have assistance with every step of your home purchase—including choosing a title company. Whether you are ready to buy or just beginning your search, Cathy Carter can help! Cathy Carter is a top Chandler realtor for ReMax. Call her at 480-459-8488 or contact her online to learn more about how she can help YOU get into the home of your dreams.
It takes an experienced professional to help you buy a home
or to get your home sold for the best price.