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Jim sits down with Brett Haller, aka “Your Go-To Title Guy,” from Express Title to unpack the vital role title companies play in home buying and selling. With 14 years of experience in real estate, Brett brings a wealth of knowledge from both the buying side and title side of the transaction.
What Does a Title Company Do?
- A title company acts as the glue that holds a real estate transaction together, coordinating between buyers, sellers, lenders, and agents.
- They ensure the property’s title is free of encumbrances, liens, or other legal issues before ownership is transferred.
- Title companies handle escrow deposits, verify all necessary documentation, and oversee the closing process to finalize the sale.
The Title Process:
- Start with a Contract: Once a contract is signed, the title company opens a file and begins coordination.
- Title Search & Municipal Search: They check for issues like unpaid liens, open permits, and ownership disputes.
- Resolving Issues: If problems arise (e.g., permits, probate), they work to resolve them quickly to avoid delays.
- Closing Coordination: They ensure all parties—buyers, sellers, lenders, and insurers—are prepared and all documents are accurate and signed.
Common Title Issues:
- Probate Issues: Previous ownership complications.
- Fraud: Ensuring sellers are legitimate owners.
- Unpermitted Additions: Unresolved permits can delay or derail a transaction.
Title Insurance:
- Owner’s Policy: Protects buyers from future title disputes.
- Lender’s Policy: Required by lenders to safeguard their investment.
Tips for Buyers & Sellers:
- Stay Organized: Know your deadlines for deposits, inspections, and other contingencies.
- Respond Promptly: Provide requested documents (e.g., bank statements) quickly to avoid delays.
- Ask Questions: Be proactive, especially when dealing with new construction or complex contracts.
What's Next?
Interested in buying or selling a home on the Suncoast, or connect with this week's guest? Reach out to Jim at jim.ahearn@gmail.com or visit his website, Jim Sells the Suncoast.
A Personal Note from Jim:
Hey there, I’m Jim Ahearn, your go-to real estate guide and host of Jim Sells The Suncoast podcast! 🎙️✨ Dreaming of Florida life? I’ve got you covered! As your dedicated buyer's agent, I’ll handle everything from walk-throughs to closing, making your home-buying journey as smooth as a Florida breeze.
Whether you're local or tuning in from afar, I’ll bring the Suncoast to you with virtual tours and expert advice. Let’s chat about your dream home and I'll connect you with all the right people to make it happen.
Ready to move to paradise? Drop me a line – I can’t wait to help! 🌴🏡
