B1. Building Relationships With Title Agents

An accurate title can save a deal; an incomplete title can ruin one! Title reports come in many formats but all provide the same general information. Different title agents have very different coverage and fees. Here are some tips to keep in mind when choosing your title agent(s).

1. Know how they make their money.

What are the recording & processing fees at a closing? What is their rate for one title as opposed to ordering several? Is there a change in rates for different types of properties?

2. Request preliminary title reports at a reduced rate or no cost with the understanding that you will refer insurance business and conduct closings with them.

3. What is the re-issue rate for a new homebuyer?

4. Are they willing to insure city-owned property or property acquired via Public Taking?

5. What is their relationship with municipalities for resolving tax and lien issues?

6. What is the average processing time for a title report?

7. How flexible and available are they for scheduling closings?

Next: B2. What to Look for in Your Title Reports

OHIO CAPITAL CORPORATION FOR HOUSING