Question: Why would a Realtor recommend a specific title company?
Answer: When a real estate transaction enters the escrow process, the efficiency and attention to detail of the title company and escrow officer are paramount to facilitating a smooth closing. Choosing the right company to handle this important final phase of the transaction can make the difference between a smooth and timely closing or a cumbersome one with obstacles.
Title companies play a key role in acting as the combined agent of the buyer, seller and any other parties related to a transaction, including any mortgage lenders. From the title search of the property to ensuring outstanding liens and encumbrances on the property are identified, the title company is an important component of a successful sale. The company also ensures all documents are properly signed and legally recorded — not a small matter in a substantial financial transaction.
It’s also not uncommon for one or more parties of the transaction to be out of state or out of the country, and the title company will arrange signings virtually anywhere with traveling notaries, attorneys or branch offices.
For the Realtor, the title company and escrow officer are key players in a transaction. Knowing you’re working with someone you can trust to communicate well throughout escrow, and ensure all documents are executed appropriately, is critically important.
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