The Benefits of Choosing a Real Estate Attorney Instead of a Title Company

The ability to choose between a real estate attorney and a title company is one option that many home sellers or purchasers are unaware of. Typically, a real estate agent will encourage their client to use a title company that they are affiliated with or have worked with in the past. Few agents will refer their clients to a real estate attorney even though an attorney is able to handle the same settlement duties that a title company usually performs. Though title companies are more familiar to the average person completing a real estate transaction, there are several benefits of choosing a real estate attorney instead of a title company.

Careful Title Examinations

A routine title examination is performed prior to settlement and verifies that there are no issues that would impact the property transfer. An error discovered during a title examination must be corrected before the buyer and seller meet at closing. Common problems discovered by examiners are liens on the property or deeds that were not accurately recorded. A real estate attorney is able to dedicate the time and resources necessary for thorough title examination. Any error in the examination process could cause major problems in the future when a property owner attempts to refinance or sell their home.

Legal Advice and Services

The employees at a title company are unable to provide answers to legal questions during settlement. Their responsibility is to their employer and in most cases an attorney employed by a title company will not be physically present at closing. Choosing a real estate attorney to assist you during the process of buying or selling a home means that you will have access to legal advice when it is needed. The real estate attorney that you retain keeps your best interest in mind and is not burdened by the conflicts of interest that a title company may have. A title company must focus on protecting their business while an attorney focuses on protecting you, their client.

Affordable Fees

One of the primary reasons people choose title companies instead of real estate attorneys is because they believe a title company is less expensive. In reality, the majority of title companies are more expensive than an attorney while offering fewer services. Title companies often add miscellaneous “junk” fees into transactions to make the most profit possible per transaction. These fees do not give clients access to protection from potential closing errors and title companies are rarely prepared to handle complex real estate transactions that some investors or commercial property owners complete.

Contact Us for Advice

Real estate transactions are often time sensitive and stressful making proper representation vital. The best way to protect your interests while remaining informed is to contact a qualified real estate attorney. Costa & Associates is available to help you during every stage of your real estate transaction. Our attorneys are able to answer your questions about foreclosure, loan modifications, real estate purchases, and short sales. Conveniently located in Miami Lakes, Florida contact us today at 305-827-0100 to schedule a consultation to discuss your personal or professional real estate needs.

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