Is it better to use a local title company?
September 23, 2023If you've read some of our previous blogs, you know that local practices and statewide laws can directly affect the course of a real estate transaction. This is to be expected since the local market can't look the same everywhere. Some locations are in high-demand, while environmental factors in other areas have the power to harm a property's market value. One state can be known for having harsh real estate laws, but their regulations are actually effective at protecting the buyers' interests.
As you can see, there are many things to consider, and the expertise of a local real estate professional can help you avoid problems while navigating the process.
Why Choose a Local Title Company?It's reasonable to turn to a local real estate agent right before listing your home for sale. If you're a buyer, chances are you don't want the extra hassle of working with someone who's based in a different state from the property's location. As you can probably imagine, working with a local company can save you a lot of time and effort. But the advantages go beyond a flexible schedule.
- It's easier to look into the company's reputation: If the company is close to your community, it's easier to get first-hand accounts of their past services and customer experiences. More importantly, it's easier to find negative feedback online just by perusing online reviews. Title companies can serve many clients through their local services, but that doesn't compare to the number of people working with a national company at any given time. National companies can keep the same success rate even if they don't always cater to the client's specific needs.
- Up-to-date knowledge on local laws: Statewide title companies deal with local laws through nearly all their operations, so no one will be more familiar with modifications that could affect the real estate process. Their familiarity with real estate laws also ensures a quicker process when it comes to evaluating documents, filling out contracts, overseeing specific payments, and recording a closing.
- Customized service from seasoned local professionals: This is essential to ensure a satisfying experience for all parties involved. Their knowledge of the local market can help you address details that are easily overlooked. You can also come to your agent with any question and expect in-depth answers supported by first-hand professional experience.
Among other things, your local title company can help you evaluate the costs attached to a property to see if they match the location and the property's market value. They can help you complete an offer that takes the current real estate landscape into account. Their resources also bring more efficiency while evaluating the title and related documentation, and they're more likely to catch discrepancies that could look normal to an agent operating outside the state/county.
Whether you're a buyer, a seller, or a real estate broker looking for assistance, you can expect local real estate companies to craft a detailed plan of action that takes different variables into account.
- Easy communication: Because it's easier to breach whatever physical distance exists between you and your local company, it takes less planning to schedule in-person meetings and property inspections. You can imagine how this helps hash out negotiations as you move along the process. When working from a company from out-of-state, some steps can be delegated to notary publics that have not been part of the process from the start, needlessly making way for errors or miscommunication.
Keep in mind that you can build a productive system with your real estate company even when it's miles away from the property and other relevant meeting spots. If the company provides statewide services, they're likely to have the necessary resources to respond quickly to your requests while staying on top of their responsibilities.
Of course, none of this negates the popularity of national title companies. Their main advantage comes from the size of their staff and the technology at their disposal. Because of this, national companies can secure an astounding number of deals each year, but this also creates a distance between them and the clients. When a company becomes familiar with all the relevant parties in a real estate transaction, it's easier to foresee potential points of conflict. It also helps to have previous experience working in a specific county, because the specialists know which laws can protect clients depending on the type of property that's being purchased.
Looking for a Title Company in South Florida?At Key Title & Escrow, you'll find the most dedicated real estate specialists in South Florida and its surrounding areas. We provide a wide variety of real estate services, from title and record owner searches to refinance transactions. In other words, we can handle any requirement that may appear between the purchase offer and closing.
Our company serves buyers, sellers, lenders, and real estate agents across the state, so we understand the expectation you have by the time you decide to trust a local title company. As such, our team is mindful of how each transaction can be affected by this ever-growing industry. We use the latest technology to peruse the records that clients provide while staying in tune with state laws. In addition, our specialists are happy to guide clients if they have concerns during the negotiations.
Key Title & Escrow has decades of experience providing successful closings for clients all over South Florida. Each member of our team understands the local real estate market and knows how to open communication between buyers and sellers in the area. This knowledge allows us to fully trust the quality of our title and escrow services, so clients can get everything they need without keeping track of different companies for each of their requests. Just call (305) 235-4571 or toll-free at (800) 547-0006 to start getting the best guidance to help you through the process. You can also fill out the contact form on this page if you have any specific questions about title searches and the risks you can avoid by doing due diligence. Key Title & Escrow is your best option to breeze through your real estate transaction.