A closing company is an important part of a real estate transaction, providing a few different services. This type of company does extensive research on the documents of a home to make sure that the sale or purchase is legal. So, on top of making sure that the documents are in order for a real estate transaction, closing companies also offer insurance. Title insurance makes sure that the parties involved are safe from legal fees. One can go without a closing company during a transaction, but it opens them up to risk. If there were to be any problems with documents, it could cost a lot of time and money out of pocket to fix.
Cost of a Closing Company?
The cost of a closing company depends on a few different factors. On average, 2% to 5% of the total amount of the home loan is the total closing cost. The closing costs include a few different services such as title services, title insurance, and escrow services among others. The cost of a closing company is worth the price, though, as it will give the buyer and seller peace to know that the documents are in order. Title insurance is optional, but it does open the property owner up to risk. Title insurance protects the property owner from having to pay to fix any issues that may arise.
Closing Company with Embassy Title Agency
If you are looking for a closing company in Novi, MI, then Embassy Title Agency is the company for you. Embassy will be able to help you with any of your title-related needs. Our team at Embassy Title Agency is made up of over 100 years of seasoned experience. They go above and beyond to service all of our clients with much effort and perseverance. Their goal has always been putting the client first and giving them the utmost attention. You can contact us online or by phone at (734) 293-2000.