Buying or selling a home is a big decision. We’ve pulled together a quick snapshot of all the biggest steps of the real estate transaction so you can be prepared each step of the way.
Whether you’re beginning to think about moving or you’ve already negotiated a price on a property, choosing the right company for real estate closing and title services is a big step. With so many considerations to keep in mind and decisions to be made, you’ll want expert guidance through every stage of the process.
By keeping your interests at heart, we make our real estate title and closing services an experience worth remembering. That makes it easier for you to focus on what matters most: the confidence you feel when buying or selling your home.
The home buying and selling process can feel intimidating. Let’s walk through the basics.
Starting with the essentials, title insurance, closing and escrow, and home insurance services are all required to complete your real estate transaction. These services, combined with our hands-on approach, allow you to confidently make the most of your investment.
What is title insurance and why do you need it?
Title insurance ensures you are the lawful owner of your property by protecting against any property loss or damage caused by liens, encumbrances or defects in the property’s title.
Unlike other insurance types, like auto or health, title insurance protects you from events that happened in the past that could put your property’s ownership into question.
What all is involved in the closing and escrow process?
Simply put, closing on a property is the final phase of the real estate transaction. At this point, the property title passes from the home seller to the buyer.
Escrow entails putting a good faith deposit or earnest money with a third party during the transaction between buyer and seller. This communicates that the buyer is serious about their interest in the property. The third party, which would be us, is responsible for safely releasing the funds back to the buyer following closing.
Closing can take place digitally, in person, or a combination of both depending on the guidelines of your state. Ask your local Stewart Title agent to learn more about your options.