If you think back to when you bought your house, you may remember working with a title company. They were the intermediary working with all parties to handle the nitty gritty details of the deal. You probably hired a title company because you wanted to make sure there were no issues with the property you were buying. But now that you’re on the other side of the equation, you may be asking, “What does a title company do for the seller?” It turns out, they actually do a lot from open escrow to facilitating your closing day. To help you prepare for the process, let’s take a look at what a title company does to help you sell your home.
It’s been a long time since houses were bought and sold directly from one person to another. These days, numerous parties are involved in every real estate transaction, including home buyers, home sellers, real estate agents, mortgage lenders, real estate attorneys, home inspectors and title companies. Most of these are familiar to the average home buyer, but the title company is not known as well as the others. You may be thinking, “What does a title company do anyway?” Understanding their importance is key to protecting the investment in your next home.