In real estate, there are many moving pieces, lots of paperwork, and many hands touching things associated with your property from the title company to the mortgage company to other city and state agencies. Mistakes will happen and these mistakes can cause delays or cause deals to fall apart.
The question of when to order title work is an easy one – AS SOON AS YOU DECIDE TO SELL. Your title report is like the credit report for your property. You want it as clean as possible and only things you know and have permitted attached to it. CLEAN and MARKETABLE TITLE can save you time and make your home sale smooth and easy.
Common things to look for when you get your title ordered:
- Liens – if you have taken a mortgage or other financing on the property
- Liens – are there any liens you do not recognize
- Taxes – are there any past due taxes owed
- If you have paid taxes, you can just provide proof to title company to clear this
- Ownership – is the title in the correct name you purchased in
If there are items that you do not recognize or showing in error, you will need to work with the title company in order to clear the title. Sometimes you will bring in the previous title company if there is something that should have been cleared before.
The title company will be able to guide you as to what is needed to clean up the issues – if there are issues to clear. The title company knows their business, so take their advice. Lawyers can be expensive, but a good time team can help guide you, and save you money.
If you are looking to sell your home, call Inked Title at 248-617-0004 or email firstname.lastname@example.org – they can start your title work to help prepare your home to close.
Scott Fader and Gary Brincat
Mitten Realty Group, LLC
Mitten Realty Group is a veteran owned company located in Michigan. Scott Fader and Gary Brincat are two of Michigan’s multi-million-dollar top producers. They have been working in real estate as brokers, Realtors, investors, property managers and real estate company owners for over 20 years. Together they would like to share their experiences, knowledge, success and failures to help buyers, sellers, Realtors, brokers and anyone else in the real estate and business, so that together we can grow as a community.