Why You Should Choose Your Own Title Insurance Company When Buying a Home

Many people are unaware that they have a choice in title companies when they go to buy a home. There are some significant advantages to shopping around and choosing your own title company to work with. In this article, we will explore why and how to choose your own title insurance company when buying a house.

 

When shopping around and selecting a title insurance, you should look for expertise, value, and service.

 

Expertise

Title insurance companies may be operated by attorneys or non-attorneys and this is an important distinction. If you choose to work with a title insurance company operated by an attorney, you will gain their expertise in the area of real estate transactions—a valuable benefit that non-attorney operated title insurance companies cannot provide.

 

Value

Like any service in the market, prices will vary, and they do not always reflect quality or value. Spend time shopping around for different title insurance companies and request quotes and reviews from each. You may be surprised that the title insurance company recommended by your real estate agent is more expensive for less value and lower quality service.

 

Service

Service is what sets apart good businesses from great ones. When you are selecting a title insurance company, here are a few things to consider that you may have otherwise overlooked:

 

  • Is the title insurance company conveniently located to where your closing will take place?
  • Does the company provide electronic recording to expedite the recording of your deed (helping you to avoid potential disputes)?
  • Is the title insurance company easy to communicate with?

 

Now that you are equipped with some pointers, it’s time to shop around. Remember that your homebuying experience can be positively or negatively impacted by the title insurance company you choose, and you do have a choice.