Choosing the right Title Company is an important decision that should not be taken lightly. Whether you’re buying a home or refinancing an existing property, you’ll need to work with a Title Company to ensure that the process goes as smoothly as possible. But with so many Title Companies in Nashville, it can be difficult to decide which one to go with. In this blog post, we’ll go over what you should look for in a Title Company in Nashville, Tennessee, so you can make the best decision for your needs.
Do your research
When you’re looking for a title company, the most important thing you can do is your research. Make sure to look up all of the title companies in the area and read up on their services and credentials. Look at their reviews online and make sure they’re reputable. Ask around to people you know to see if they have any experience working with any particular title companies in the city. Do your due diligence and make sure you’re getting the best service possible. This will save you time and money in the long run.
Get recommendations
When you’re looking for a title company, it’s important to get recommendations from people who have had successful experiences with the company. Ask your real estate agent, family and friends, colleagues, or any other trusted sources you may know for advice on the best title companies in Nashville, Tennessee. It’s also a good idea to read customer reviews online to get an idea of what others have experienced. Talking to people who have used a title company in the past can help you find the most reliable ones and give you insight into the services they provide. When getting recommendations, make sure you ask about the company’s professionalism, customer service, attention to detail, speed of service, and overall satisfaction with the title company.
Check for customer reviews
When it comes to choosing a title company in Nashville, one of the most important steps you can take is to read customer reviews. Reviews from past customers can tell you a lot about a company’s reputation and quality of service.
When looking for reviews, try to find ones that include both positive and negative experiences. Keep in mind that no company is perfect, and even the best companies may have some dissatisfied customers. But if the reviews tend to be overwhelmingly negative, it’s probably a sign that you should keep looking for a different title company.
Look for reviews on Google, Yelp, and other reputable review websites. If you know someone who has worked with the company before, ask them what their experience was like. Taking the time to read through reviews can help you determine whether or not a title company is worth your time and money.
Ask about fees
When you’re looking for a title company in Nashville, Tennessee, it’s important to ask about their fees. While some services may be offered for free, others may come with an additional cost. It’s important to get an understanding of what services are included and what costs you might incur so that you can budget for them.
Title companies often charge a variety of fees including document preparation fees, closing costs, recording fees, and more. Ask the title company you’re considering to provide a list of all the fees they charge. This will help you better understand what services you’ll need to pay for and make sure there are no hidden charges or fees that you weren’t expecting.
In addition, ask if they offer any discounts or special offers to help lower the costs of their services. Many title companies offer discounts to first-time home buyers or special promotions during certain times of the year. Asking about these options can help save you money in the long run.
It’s also important to ask about any other fees or costs associated with the process such as taxes, interest, and other miscellaneous expenses that may arise during the closing process. By getting a full understanding of all the costs upfront, you can avoid unexpected expenses down the line.
When choosing a title company in Nashville, Tennessee, it’s important to ask about fees and make sure you understand what you’ll need to pay for. This will help you budget for the services and ensure that there are no hidden costs or surprises during the closing process.
Verify the company’s credentials
It’s important to verify that the title company you’re considering is qualified and has the appropriate credentials for providing title services. You’ll want to look up any reviews of their services and make sure they are a legitimate business.
First, check with the state of Tennessee to make sure the company is licensed. All title companies should be registered with the state through NAIC and NIPR in order to legally operate. You can search for this information on the National Association of Insurance Commissioners website. Once registered through the NAIC and NIPR, Tennessee will issue an entity license to the company and an individual license to the person who issues the policy. The title company should have both a state license from the Tennessee Department of Commerce and Insurance and an insurance policy to cover errors and omissions. For example, Tract Title has a NIPR number of #19639464 and license number of #2495361, while Grover Collins, who issues the polices has a NIPR number of #2365564 and a license number of #18391814.
If a title company is not properly licensed and insured, you could be left holding the bag in the event of an error. By verifying that your chosen title company has the proper licensing and insurance, you’ll have peace of mind knowing that your title transaction will be handled professionally and properly.
When researching a title company, you should ask questions about their licensing and insurance coverage. Ask them to provide copies of their licensing information and insurance certificates so that you can review it. This information should be freely available on the company website or by calling them directly.
By confirming that a title company is licensed and insured, you’ll ensure that your title transaction will be handled properly and professionally. It’s an important step in making sure you have a smooth experience when buying or selling a home.
Our Recommendation
At Collins Legal, we send our clients to our sister company, Tract Title. Tract Title has 3 partners, two of which are attorneys with Collins Legal. Because of the joint ownership, Tract Title is also housed in the same building as Collins Legal in Sylvan Supply on Charlotte Ave. We would be delighted to serve you in your next real estate transaction.
Read More about Real Estate Transactions below:
→ BLOG: Quitclaim Deeds in Tennessee – Everything you need to Know
→ BLOG: 5 Situations When you’ll need to Use a Power of Attorney
→ BLOG: Don’t go Commercial without a Commercial Real Estate Attorney
