What To Expect From Your Title Company As A Fort Myers Investor

What To Expect From Your Title Company As A Fort Myers InvestorDo you know what to expect from your title company as an investor in Fort Myers? Learn more about how it all works in our latest post!

As an investor in Fort Myers, you should have a good idea of what your title company is actually doing for you. A title company has a number of duties and responsibilities when helping local homeowners and investors in their real estate transactions. In fact, the process couldn’t be completed without them. Below, we will discuss what they do, what you can expect, and how they can help you.

What They Do

A title company conducts a comprehensive examination of the property’s sales history, searching for past liens or any potential ownership disputes. Their role is to ensure that the property being sold is free from such encumbrances, enabling a clear and unencumbered sale. Their work is backed by insurance, which means that if any undisclosed claims surface in the future, you won’t bear the liability. Your title policy serves to indemnify you against any future claims, providing reassurance and safeguarding you from potential issues down the road.

First, the title company will perform a search to look for liens or claims on the property. They will utilize public records to find any past mortgages, tax problems, judgments, or any other restriction that could have an effect on the property ownership. In some cases, a title company will order a survey of the property to determine the property line, looking for any encroachments.

If all goes good and well, the title company will issue a policy, ensuring the property is being sold free and clear from a buyer to a seller.

How They Can Help

Title companies offer an abundance of information regarding local properties. They can provide you with sales history, let you know when properties are paid off, and provide information about the community to help you make more informed buying decisions. While often overlooked, title companies can be a huge resource for both people buying and selling a home in the Fort Myers area.

A title company specializing in serving property investors can be an invaluable resource. They understand your goals and what you need to focus on. Operating with speed and efficiency, they assist in obtaining all the necessary information for a property transaction. By simplifying the process, they enable you to buy and sell properties more swiftly, ultimately increasing your capacity to manage multiple transactions within a shorter timeframe.

The Time Line

A title company will typically deliver a policy in about two weeks, however, this timeline can change depending on the situation. Thorough research will need to be done on the property to ensure there are no other claims, liens, or items that will hinder a sale. The title company will do a title search and work to clear any clouds on the title. Clouds are things such as liens, levies, and other encumbrances. An experienced title company will be able to take care of all these items in a fast and efficient manner.

The Costs

Working with a title company in Fort Myers will typically cost 1-5% of your loan amount. You will need to factor in the policy costs, escrow and signing fees, courier and delivery fees, appraisals, filing fee, attorney prep fees, and more. As an investor, it’s important to know what these costs will be before working with the title company. You don’t want to find that you are spending more money than you should be on the process.

What You Need To Do

You need to provide accurate information about yourself and the property in a timely manner. You need to be available to answer any questions and find solutions for any clouds on the title. As an investor, it can be risky taking on somebody else’s liens or costs. Having these items taken care of beforehand will save you a lot of time, money, and headaches.

It’s important to recognize that not all title companies are alike. While they must all adhere to legal standards, their willingness to assist can vary. While they are prohibited by law from accepting or providing money for deals, there are numerous other ways to collaborate beneficially. Cultivating a relationship with a trusted title company can offer mutual advantages. Through referrals and reciprocal business, you can establish a symbiotic partnership. They understand your requirements, preferences, and urgency, providing excellent service in exchange for your continued patronage.

Learn more about what to expect from your title company as an investor in Fort Myers! Call now for more info! 239-360-3176

Get More Real Estate Market Info... Subscribe Below!

Learn more about us and find other resources on buying investment properties with us. Like us, follow us, connect!

Access Local Florida Investment Property Deals...

Handyman Properties - Fixer Uppers - High Equity. *These are not on the MLS Available properties on the next page.
  • This field is for validation purposes and should be left unchanged.