If you are selling a house, a title company will handle the closing. Here is what they actually do for you: search the title, hold the money in escrow, and prepare and close the paperwork. I call them the invisible warriors of a real estate transaction, because they make sure your deal is clean, fair, and legal.
They Search the Title
Title companies conduct a thorough search of the property’s records to make sure the title is free and clear of liens and claims. They dig into decades-old documents to verify that the ownership trail is unambiguous. This protects both the buyer and the seller from future disputes over the property.
They Handle Escrow and Closing
In addition to this, they handle the escrow. They hold the earnest money and distribute it according to the terms of the contract. They also prepare all necessary closing documents and handle the final transaction, including the transfer of funds. When you sell to us, it takes about 72 hours for the title company to get the title work back, and then we are ready to close. Here is how our process works, step by step.
They Should Be Neutral
Remember, title companies should act as impartial third parties. They should not show undue favor to either the buyer or the seller. If you ever feel that the title company is not acting in this manner, don’t hesitate to voice your concerns.
Choosing a Title Company
Choosing a reputable title company is paramount. Although many investors have preferred partners, do your due diligence. Make sure they have a clean track record and positive reviews. After all, they are the ones guarding the integrity of your transaction.
If you are thinking about selling your house in Dallas-Fort Worth, call us at (214) 444-7926 or ask for a cash offer here.
Tim Herriage
DFW Investors
[…] the amount, the due date, and where it will be held, usually with a neutral third party like a title company. Remember to verify the deposit by requesting a receipt from the title […]