Depending on where you live or are looking to live, will determine if the buyer or seller is in charge of choosing a Title company to handle your real estate transaction.

If though, you do have the power to choose, here are a few things to consider and look for:

  • How Safe Is Your Money?

The way a title company handles its escrow funds is of utmost importance. You want to make sure you are aware of the company’s internal controls and procedures that are in place to safeguard buyers’ and sellers’ funds. The very last thing you want is to lose unintentional money.

  • How Is Your Investment Protected?

It is extremely important not only to protect the client’s funds but also to protect their investment in the future. A reputable title company will have a rating such as A+, A, or B+. Their rating indicates how strong the title underwriter is in regard to their overall financial condition which will allow it to meet any future claims. As a rule, companies that have good operating earnings, are well-capitalized and have adequate reserves.

  • Is The Company a Neutral Third Party?

In this day and age, many title companies are now owned and operated by lenders, real estate firms, and builders. This is legal if properly disclosed but for the consumer, it is of their best interests to be protected from a potential conflict of interest or a financial incentive for referrals. As a consumer, it is always good to ask if the escrow and closing money were to be handled by a neutral third party or not.

  • Where Are You Located?

There are several title companies that are national that offer adequate products and services. There are though some that outsource production of the title commitment overseas. These types of companies may not know the local real estate market as well as the local laws that are involved. In contrast, smaller, local firms that live and work in the community should know everything about how the title process works in the local area and will make sure everything is done correctly.

Al Alliant Title and Escrow, we are a local, open book and follow all best practices when it comes to the transaction of a property. If you have any questions feel free to call or text us anytime at 561-912-0922 or visit https://alliantfl.com/.