A title company is a group that helps to make sure that the sale or purchase of a property is legal. Title companies perform research on the home’s title and checks for any issues with outstanding mortgages, liens, missing home ownership dues, leases, or easements. Title companies often survey the property to check for any issues with the property itself or the surrounding area. The company makes sure for both the buyer and seller of a property that the transaction is legal and clear. This gives both parties assurance that their transaction will not have any unexpected problems.
Cost of a Title Company?
The cost of using a title company can vary. The best way to get a cost estimate is to reach out to a local title company and give them your information. On average, though, the cost of a title company is included in the closing costs of a real estate transaction. Closing costs can be 2% to 5% of the total loan amount. Hiring a title company can save you money in the long run by keeping you from running into any issues with the transaction.
Benefits of a Title Company?
There are a lot of benefits of hiring a title company. One of the biggest advantages is that you do not need to worry about doing the leg work associated with checking on a property’s history. Another major benefit is that the title company will prevent you from running into any problems with your real estate transaction.
Title Company with Embassy Title Agency
If you are looking for a title company in Novi, MI, then Embassy Title Agency is the title 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.