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What Does a Title Company Do?

what-does-a-title-company-do

When you’re in the process of buying a new home, you may wonder, “What exactly does a title company do?” It’s pretty simple!

What is a Title Company?

A title company plays the vital role of making sure that the house’s sale is legitimate and that the closing runs smoothly. Using an excellent title company is critical if you’re looking for a non-stressful home purchasing experience – which is likely everyone’s goal! Once you have a reputable title company on your side, they will also protect you against fraud and act as your security system to keep your money and documents safe when they’re in escrow.

What if I'm Selling a House?

Just about everyone who sells a home will need the skills and expertise of a title company during the process. Most importantly, you’ll need to have a clear title – which means you are the only person who can claim the property you’re selling. You can rely on the title company to dig into the property’s history to make sure there aren’t any issues that could come up during closing.

Who Chooses the Title Company?

The buyer or the seller? As you may know, lots of different negotiations occur between the buyer and the seller of a home. But when it comes down to the title company, the person paying for title insurance is typically the one who decides on the title company. 

Closing Time!

Once the closing day arrives, you will have a signing agent from the title company with you to assist with the paperwork and signing process. If you’re using a real estate agent, they will also likely be there. The signing agent will walk you through each paper you sign, answer any questions you may have, and also verify your signature and notarize the documents. 

After everything is approved, it’s time to start packing boxes because CONGRATULATIONS – You have a new home! And you couldn’t have done it without your title company! Still have more questions about what a title company does? Want to learn more about title insurance? Check out our blog for more information and be sure to choose Venture Title Agency for all of your title needs!