The home buying process is full of important decisions. One decision that can often be overlooked is which title company to select. A Northern Virginia title company can help you review contracts, obtain title insurance, and more, making your purchasing process run a little more smoothly. This important decision is often not fully understood, as many people assume that title companies are all alike. However, selecting the right title company for your needs can ensure that you receive high-quality title services that truly improve your experience. Here are some factors to consider when interviewing prospective title companies for your home purchase.
Transparency
Title companies will have a huge amount of information about the property you are trying to purchase. When you apply for title insurance, the company will have an examiner research the title to ensure that there are no hidden heirs, mechanics liens, or other impediments to the sale. Your title company should be willing to discuss these issues with you and collaborate on solutions, allowing you to make more informed decisions about whether you want to continue purchasing the house or ask for additional benefits in your purchase agreement.
Legal Knowledge
A title company that employs people with a legal background and/or employees that are title licensed to provide a distinct advantage to its clients. Mortgages, title insurance, contracts, and other title services often deal with a number of legal requirements. While all title companies must be familiar with these laws, one with a legal background will have specialized knowledge about how to best handle and avoid common legal concerns when it comes to buying a house. This legal knowledge can help you secure stronger documentation that more fully protects your investment from legal concerns in the future.
Level of Experience
As with most fields, experience can be an indicator of success. A title company that has been operating for years will have seen more and be better equipped to deal with any issues that might arise during your settlement process. They will have a tried and true process for each service they provide, remaining organized and completing transactions in a timely and professional manner. An experienced title company may also specialize in a particular area of real estate, which can be particularly beneficial when purchasing a multi-family home, commercial property, or other type of real estate.
Closing Fees
Title companies are able to set their own fees, and a transparent fee structure can help you properly budget for the services you will need. Avoid selecting a title company with the lowest fees just to save money or the highest fees in the hopes that you will receive the best services. Instead, consider the level of experience, quality of services offered, and level of personal involvement in your sale that a title company will offer in comparison to its fees, and make a decision based on your budget and title needs.
Title Services from Mathis Title Company
Speak to Mathis Title Company at 703.865.7880 for more information about selecting a Northern Virginia title company for your home buying process. Mathis Title Company is an independent firm owned by Robin Mathis, an attorney with decades of experience in the legal and real estate fields. Robin has handled residential and commercial closings on both the buyer and seller side and has a deep understanding of all aspects of real estate settlements, while providing clients with personalized attention throughout the settlement process.
