What Does a Title Company Do?

For first-time homebuyers, the process of purchasing a home can be an exciting yet confusing experience. New homebuyers often face unfamiliar terminology and are often too afraid or embarrassed to ask questions about what is going on around them.

It is important to understand each step of the buying process and what each step entails. An important player in the closing process is the Title Company, who helps ensure the final transaction goes according to regulations. If you have any questions regarding the process of buying an Austin home, call an Austin real estate agent at the Carvajal Group at 512-419-7770 today.

The Role of the Title Company

Typically, title companies are independent “third-party” entities that represent neither the buyer nor the seller exclusively. Because of this neutrality, they can ensure the final purchase is resolved in a fair manner for all parties involved. Some duties of the title company include:

• Conducting a title search to determine who has legal rights to sell a property.
• Revealing any restrictions, judgments, or liens placed on a property.
• Issuing title insurance to the buyers to protect the new purchase.
• Providing a space for closing to take place.
• Dealing with final paperwork and the disbursement of funds to agents and sellers.
• Providing keys to new homebuyers after the closing is complete.

Contact Us

If you are interested in purchasing an Austin home or property, please contact an Austin real estate agent of the Carvajal Group at 512-419-7770 to discuss the process.