When you’re looking to purchase or sell a home, the closing process can often be a confusing part of the process. Many people and Southern Title of Ohio agree, don’t take on this process alone, and enlist a title agency for help navigating this part of the process. Many wonder, however, what does a title agency even do? And do I need one? Today, we’ll outline just some of the functions of a title agency and why it’s important to choose Southern Title of Ohio! Purchasing a Property.
When closing on a home, there are a variety of reasons that you should go with a closing agency:
- It is vital to ensure that when purchasing a home, you buy from the legal owner. While this may seem strange, there are instances in which the buyer is technically not buying from the actual owner, complicating the purchase.
- It is essential to be aware of and understand any restrictions on the home. These restrictions could be related to municipalities or utilities. Also, a title agency will inform you of any taxes that come with the home to budget for your new home accurately.
- Southern Title will help find any liens that still may be on the house.
When You Need Southern Title
Other than purchasing a home, there are still a variety of instances in which you will need to enlist a title agency. One example is when you are looking to mortgage a home. Some banks require a bankruptcy search on the property before lending to you. A title agency will search your home and handle this on your behalf. Furthermore, if you are an heir to a property, you’ll likely need to do some searches. A title agency will look for liens and the other restrictions mentioned above! Finally, if you want to develop or subsidize land, we’ll have your back through the process!