Tips for Choosing the Right Title Agency
Title agencies play a vital role in the real estate transaction process, providing essential settlement services to ensure the transfer of property ownership is smooth and secure. Whether you are a real estate professional or a prospective buyer or seller, choosing the right title agency is crucial.
The decision-making process may vary depending on the circumstances of a real estate transaction. In some cases, the realtor may have an established relationship or experience with a title agency, so they may choose to recommend their services to their clients. In other scenarios, such as For Sale By Owner (FSBO) transactions, the buyer or seller will choose the title agency themselves. Either way, the process of choosing a title agency provides an opportunity to vet and select a trusted, reputable partner. Consider the following tips and insights to help both real estate professionals and customers make informed decisions when selecting a title agency.
Look for a strong track record with other real estate professionals.
Reach out to other realtors, lenders, or attorneys who have prior experience or are currently working with the title agency you are considering. They can provide valuable insights into how the title agency operates as well as the benefits and any drawbacks they experienced firsthand. A well-connected title agency is more likely to be able to facilitate a seamless transaction process.
Clover Lane Settlement Services is a member of the Pennsylvania Land Title Association (PLTA).
Consider whether the title agency is attorney-owned.
Opting for an attorney-owned title agency offers distinct advantages for both real estate professionals and buyers and sellers. Having legal expertise integrated into the agency ensures a higher level of understanding and proficiency in navigating the legal complexities of real estate transactions. An attorney-owned title agency becomes a one-stop-shop that provides valuable insights, identifies potential legal issues, and offers expert guidance throughout the transaction process. Attorney involvement helps mitigate risks and ensure compliance with all relevant laws and regulations, providing an added layer of protection and peace of mind.
Clover Lane Settlement Services is an attorney-owned title agency. Learn more about Fiffik Law Group.
Inquire about their technology and data security measures.
Real estate transactions deal with highly sensitive client information, so it’s imperative to choose a title agency that prioritizes digital security. A technologically advanced title agency can streamline the transaction process, offer remote online access to closing documents, and provide secure portals for communicating and sharing sensitive information.
Clover Lane Settlement Services uses Qualia as our secure messaging and document storage portal. Learn more.
Assess the customer service and support they offer to real estate professionals.
Evaluate how supportive the title agency is to the needs of real estate professionals. Do they communicate effectively? Do they promptly assist with any issues that arise? Do they go above and beyond?
Evaluate their commitment to timely closings.
Inquire about the title agency’s track record for meeting deadlines and ensuring a smooth closing process. Title agencies must conduct thorough title searches, review documents, resolve issues, and facilitate closings while adhering to critical deadlines. Experience, expertise, technology, and customer service all play a role in title agencies being able to effectively manage the closing timeline.
Clover Late Settlement Services is committed to timely transactions, often completing them ahead of the initial projected closing date. See what others are saying about us.
By considering these tips and conducting thorough research, you can make an informed decision on a title agency that aligns with your or your client’s needs and helps ensure a successful real estate transaction.