You’ve spent weeks, if not months, trying to buy or sell a home. You finally find a home or a buyer, sign a contract… then what?Real estate agents play a significant role in a Florida real estate transaction. They help you find the perfect home or market your home for sale, negotiate price and facilitate the signing of a real estate contract.If you're not utilizing the services of a real estate agent, a title insurance company can help guide you in the preparation and signing of a real estate contract. Once the contract is signed by both the buyer and seller, the title company takes it from that point forward.In a nutshell, the title insurance company is responsible for clearing the title, closing on time without any errors and providing you with an overall enjoyable "closing experience". The title company's main responsibilities include:
- Holding the earnest money deposit in an escrow account (if applicable)
- Running a title search and performing an examination of the title
- Working to clear any potential title issues
- Ordering any necessary payoffs, estoppel letters, municipal lien searches, surveys, etc.
- Preparing all necessary documents to clear and transfer title.
- Coordinating the day and time of the closing with all parties involved in the transaction
- Facilitating the signing and notary of all required documents
- Recording the necessary documents after signingIssuing any title insurance policies.
As you can probably gather from the list above, the title insurance company also plays a significant role in a Florida real estate transaction. Choosing the right title company can make all the difference in your transaction closing on time and without any last minute issues. Whether you’re in Broward County, Palm Beach County, Miami-Dade County, or Monroe County, your South Florida title insurance company will make all the difference. By reading more below, you’ll understand why.