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Choosing the Right Florida Title CompanyChoosing the Right Florida Title Company

Choosing the Right Florida Title Company – What Should I Look For?

15 May 2020

When buying a home in Florida, choosing the right Florida title company is crucial, as making mistakes during the closing process can have severe consequences in the near future. When it comes to closing on the home of your dreams, a number of real estate professionals can help you every step of the way; however, not all of them can handle every aspect of the purchase of a home. A crucial aspect of a real estate closing most title companies do not handle is the escrow account, which is the central element in a real estate closing.

 

When looking for a title company to help you close on the home of your dreams, you should focus on companies that offer escrow services as well as all the other services you will need in order to successfully complete the purchase. Having everything you need under one roof can significantly streamline the process by avoiding disagreements between different agencies, which happen more often than most people would think.

 

The Purpose of an Escrow Account

 

The escrow account used during a real estate closing has a single purpose – to hold the funds, documents, and other related material necessary to complete the real estate transaction. The items held in the escrow account include the property title and any money that will exchange hands once the parties finally close on the property.

 

The escrow account is set up once the buyer and seller have reached a mutually acceptable purchase agreement. The buyer’s agent then collects the buyer’s earnest money and places it in the escrow account. During the transaction, the parties’ agents may add other documents to the account as necessary. At closing, the parties exchange the funds and the deed. In other words, the seller gets the money and the buyer gets the keys to the property.

 

Choosing the Right Florida Title Company

 

Usually, there are many people involved in a real estate closing, which can be confusing in and of itself. This is why finding a title company that can offer all of the services you need in a single location is so crucial. Although the buyer and seller are not required to use the same title company, it is recommended to do so. Disagreements between different companies are the most common reason why unsuccessful real estate transactions in the State of Florida do not go smoothly. When buying a home, choosing the right Florida title company can be the difference between a memorable closing and a nightmare.

 

Marina Title is a full-service title company that can handle Florida real estate transactions from start to finish. No matter what you need, if it has to do with purchasing real estate, we can do it. We can set up and manage your escrow account as well as facilitate closings after hours and even on weekends. These services, along with many more, are what make us the best choice for real estate closings in Florida. You get everything you need under one roof, making it convenient for both the buyer and the seller, allowing both parties to close smoothly and quickly.

 

Choosing the right Florida title company is the key to having a smooth, timely, and memorable real estate closing. Many buyers and sellers in Florida have chosen Marina Title, and they do not regret it. Get in touch with us today by calling (305) 901-5628 or by sending an email to Romy@MarinaTitle.com. We can help you buy the home of your dreams.

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