If you are in the process of purchasing a new home for your family, then it is important that you take some simple steps to get through the title settlement process. Since closing the deal on your new home on time is very important, being a bit proactive can really pay off in the end for you. To this end, follow each of these tips for getting your home successfully through title settlement:
Tip: Work Directly With the Title Company Not Just Through Your Real Estate Agent
If you live in California or another state that uses title companies rather than attorneys for closing real estate purchases, then you should never assume that your real estate agent is working with the title company on your behalf. While your realtor will set up your title account with a local title company for you, it is essential that you contact the title company--a place like Whitford Land Transfer--yourself once the account is set up. Your realtor is working with many customers and it is vital that the title company receives any necessary documentation and information from you in a timely manner. You can help to facilitate this by working with them directly rather than through your real estate agent. Give them a call as soon as you can and give them your contact information and ask that they contact you if there is anything they need to finish their work on your future property's transaction.
Tip: Obtain the Necessary Insurance Policies for Your New Home Before Closing
The title company will need a copy of your new home's insurance policies before you are able to close if you are obtaining a mortgage. Since it can take a while to get homeowner's insurance policies in effect, you should start this process well before your title settlement date.
Tip: Ask for a Preview Copy of All of the Settlement Papers to Review Before Your Title Settlement Appointment
Finally, on the day your property closes and you go to sign all of the paperwork at the title company, you will be expected to sign a ton of paperwork. Since you should never sign anything that you have not read, you should ask for a preview copy of all of the paperwork to be sent to you the day before your settlement appointment. With copies of the documents, you will be able to take your time and read each of them in their entirety before your closing appointment and won't have to take hours at the title company signing everything.