Posted On: April 18th, 2022 4:12PM
What Is A Title Company?
What if you bought a home, moved in, then found out that the home actually belongs to someone else? Believe it or not, this was a relatively common phenomenon back in the day.
Someone would sell a home, thinking that they had a legal right to do so. Then a long-lost spouse, relative, or neighbor would come out of the woodwork, claiming that the home was sold illegally, because they owned the title.
Thankfully, title companies prevent this from happening today.
What Do Title Companies Do?
Depending on the area, the cost for these services can be anywhere from [$175 to $1000+] and they’re typically required by the bank when you’re taking out a loan. But even if it wasn’t required, every buyer should still work with a good title company, because the peace of mind they provide is worth every penny! So be sure to ask your Realtor® which Title companies they recommend, then ensure that their recommendations are reputable.
If you’re thinking about making a move (or know someone who is), I can help! Just call or send me a text. No pressure, no sales tactics, just helpful advice and the guidance you need!
And finally, if you’re not thinking about making a move just yet, feel free to save this information for future reference, so you can come back to it!
Have a great week!
Russell Bateman | Realtor® | HomeSmart Lifestyles
Equal Housing Opportunity