Home Sellers >> Title Insurance Frequently Asked Questions
Under Standing Title Insurance
|
Title Insurance FAQ
|
My Selling Price
|
Prepare to Sell
|
Price Too High
Most home sellers and buyers have been informed that obtaining title insurance will provide them necessary protection over possible title defects; but many remain uncertain about what it is for or even why it is necessary. At Certified Title Company, LLC, we believe we have everything to gain by throwing some light on the subject. The more you know about title insurance and its pricing, the more confident you'll be about coming to us for a policy.
A Seller's Concern: How Much Does it Cost?
A title insurance policy from the CTC Family is much more cost-effective than the other kinds of insurance you have had to purchase. For a single, one-time-only fee, we provide a title policy that remains effective until the property is sold to a new owner even if that doesn't occur for decades. The CTC Family's price structure is very competitive giving you a very respected name in the local title insurance market at highly competitive rates.
Why the Seller Needs to Provide Title Insurance
Any prospective buyer will need evidence that his investment in your property is free of title defects. In fact, your contract of sale probably requires it. The title insurance policy that you provide the buyer is a guarantee that you are selling a clear title to your real estate, unencumbered by any legal attachments that might limit or jeopardize ownership.
Why the Buyer Needs Title Insurance
Without a title insurance policy, you may not be fully protected against errors in public records, hidden defects not disclosed by the public records, or mistakes in examination of the title of your new property. As a result, you may be held fully accountable for any prior liens, judgments or claims brought against your new property. However, your policy insures that if such an occasion arises, you will be defended free of charge against all covered claims and paid up to the amount of the policy to settle valid claims.
The CTC Family Difference
At the Certified Title Company, LLC, we're proud of our reputation. Since issuing our first title policy over a decade ago, we've been a local industry leader, providing hundreds of title policies each year. Our competitive rates and timely service make us the first choice among informed home sellers, while our reputation for quality and unsurpassed accuracy makes us the first choice among informed home buyers. Even though we have protected the titles of thousands of local homes, we treat each one as if it were our own.
|
Note: Certified Title Co, LLC cannot give tax and or legal advice. Every taxpayer should review their specific transaction
and potential tax consequences with their own tax and/or legal advisors.
|
