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Should Buyer and Seller Use the Same Title Company?

Hollywood FL Title Company

Help from a Hollywood FL Title Company

Transferring the title of a property when buying or selling in the state of Florida can sometimes be a confusing process. You may have questions about how title is transferred and how this transaction works. At Rock Solid Title, we offer practical guidance and the best support for you as you buy or sell property. As a leading Hollywood FL title company, we can answer your questions and provide you with greater peace of mind about the entire real estate transfer and titling process in Florida.

Do I Need a Florida Title and Escrow Company?

According to real estate experts, the answer to this question is yes, you do need a title company to manage the complications and intricacies of real estate transactions. While you are not legally required to use a title company for your real estate sale or purchase, failing to do so could end up costing you a considerable amount of time and money in correcting any mistakes or oversights that could occur. At Rock Solid Title, we work with our clients to make sure that every aspect of the sale or purchase goes smoothly.

Can Buyers and Sellers Use the Same Florida Title and Escrow Company?

In most cases, it is preferable for the buyer and seller to choose a single title and escrow company that works for both parties and to handle all aspects of the transaction. The title and escrow company has no personal stake in favoring either side of the transaction. This means that choosing a single title and escrow company to handle the real estate transfer for both parties to the transaction can reduce duplicated effort and can help the closing process go more smoothly.

What Do Real Estate Title and Escrow Companies Do?

To understand the role of your title and escrow company in facilitating your real estate transaction, you must first understand what title and escrow refer to in the property transfer process:

  • A title is a document that shows or conveys legal ownership. Title companies research the history of ownership for a property to determine if any liens or encumbrances are in place that could affect the ability to transfer ownership and title of the property to a buyer.
  • Escrow is a service provided by your title company as a third party to the real estate transaction. This allows the title company to hold funds provided by the buyer until the seller delivers on a clear title for the property. Once all funds and documentation are in place, the escrow agent then gives the seller the funds and the buyer the title to the property. This occurs at closing on the property sale and purchase.

Using the same title company for escrow and for all aspects of the title history search can help buyers and sellers stay on the same page and can streamline much of the process of transferring ownership of a property in the state of Florida.

Protecting Your Investment With Rock Solid Title

Rock Solid Title is a leading Hollywood FL title company with a proven reputation in the title and escrow industry. Under the leadership of estate planning and real estate attorney Pamela Schatten and title attorney Lana Ivanov, Rock Solid Title delivers the right services for your needs. To learn more about our services and how we can help with your real estate transaction, call us today at (305) 868-7800. Our team is ready to serve you now and when you need us most.