Did you know that Amy Snook, one of our team’s leaders, is a licensed title agent?
Amy has more than 15 years of experience in the title business. So, she is uniquely poised to help our buyers and sellers navigate the closing process, and everything that leads up to this critical piece of the puzzle!
But, if you still don’t really “get” title insurance, what it is, and why you may need it… here’s a quick rundown for you:
Title insurance is a one time purchase. Factors like your contract, the county you are in and its norms will help determine who pays for it. It’s a fee you will see on the final closing statement.
It’s is an insurance (like the name says!). This policy is for life, and it insures that the people who are selling the home are legally able to sell you the home – that all mortgages, liens, judgements, encumbrances that are attached to the property – are all paid off.
Why does this matter? It gives you the peace of mind that you legally have the right to own and enjoy that home, and that no one will come knocking one day and tell you you don’t!
Buyers sometimes ask “Do I have to have it?
… Do you legally have to have title insurance? The answer is no.. But as Realtors, we would never be involved in a transaction that doesn’t include it. Because, for the small one-time cost, you have peace of mind for life.
If you still have questions about title insurance, feel free to message us at firstname.lastname@example.org or call us at (561) 571-2289.