January 29, 2015
WASHINGTON — Purchasing a home is the single largest investment most consumers make in their lifetime. Soon the spring homebuying season will begin and the American Land Title Association (ALTA) reminds consumers of the three most important things to consider when shopping for a title company.
- The cost for title insurance varies across the United States and homebuyers need to make certain they have proper protection for their investment.
To determine title insurance policy premium costs in your area consumers should talk to a local title company. When comparing fees, it’s important to get detailed information about what services are included in a fee to help ensure equal comparisons. In some states, the seller pays for the owner’s title insurance policy. Consumers should also consider and compare all of the associated costs. Some rates may or may not include other services provided by the title company such as conducting the closing, preparing and notarizing documents and other services. When comparing one rate to another, be sure to get detailed information on what is included in that rate, so you are comparing equally. For more information about title insurance, please visit www.homeclosing101.org.