Why Finding the Right Title Insurance Agency in North Carolina is Crucial to Your Sale

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One of the trickiest parts of buying a new property is ensuring that your title is clean and clear. Unlike rentals, where you have very detailed records of everyone who’s ever rented a property, title records can quickly become murky.

Oftentimes, the wrong information is accidentally recorded onto a title—leading to legal and ownership issues later on down the line. The most effective way to ensure you enter into your new period of homeownership with a clean title is working with a reputable title insurance agency in North Carolina.

The Right Title Insurance Agency in North Carolina Will Make or Break Your Sale

While purchasing title insurance is crucial to the success of your sale, you can’t work with just anyone. If you’re a real estate agent, your clients are going to come to you for advice and recommendations. It’s important to have a relationship with a stellar title insurance agency that you trust.

The right agency will have the systems, processes, and technology in place to guarantee a straightforward and successful transaction. Here at Tryon Title, we pride ourselves on our quick turnaround times, careful attention to detail, and accuracy in tracking down title records and histories.

Here are the three main benefits a reputable title insurance agency will bring to your transaction.

Superior Customer Service

Your title insurance agency should always provide clear and direct communication and a secure way to communicate. Always check their reviews online and don’t be afraid to ask for references!

Furthermore, a good title insurance agency will make themselves available to you for questions and have plenty of online resources about title insurance on their website.

Fast Turnaround Times

A good agency will have professional technology in place, and a staff of excellent agents and underwriters, to ensure fast turnaround times. Additionally, they will assist you in cultivating a fast and efficient closing experience for your clients.

Greater Accuracy

Writing a title insurance policy, and researching the property’s title history, is one of the most important parts of the closing transaction. You’ll want to make sure you choose an agency that has a lot of experience in North Carolina, and knows the real estate laws and regulations closely.

For example, here at Tryon title we have years of experience working with real estate agents and buyers in all of North Carolina’s 100 counties. We’re proud to be a North Carolina title insurance agency, so we strive to stay on top of any new rules and regulations that are passed.

How a Poor Title Insurance Policy Can Hurt Your Transaction

Without an accurate title insurance policy, a lot of things can go wrong. We’re not just talking about during your transaction—issues can also arise years after you close on your property.

When the title is not thoroughly researched and understood by the agency, your very right to own that property is in jeopardy. If you’re a real estate agent, part of your job is ensuring your clients have a successful transaction without any flaws or hiccups.

To do that job successfully, you need to partner with a title insurance agency that will help you facilitate the closing experience. In addition, your chosen agency will ensure the property’s title is clean and help your clients purchase the right title insurance policy for their situation.

Connect with Tryon Title for Your Title Insurance Needs

At Tryon Title, we do everything possible to ensure a smooth and successful real estate transaction for everyone involved. Have a question about your North Carolina title insurance needs? Please don’t hesitate to give us a call.

North Carolina Title Insurance: What Is It and Why Do I Need It?

Let’s say you’re buying a home. First of all, congratulations! This is an exciting life decision, and we know you’ve been working toward it for a long time. That’s why it’s so important to protect your investment with North Carolina title insurance.

Just like you need homeowners insurance to protect your home from fires, storms, and other natural disasters, you need title insurance just in case something is wrong with your home’s title. If an issue arises with your title in the years following your purchase (whether it’s a former owner disputing your right to it or a costly lien filed against it), you may be in trouble financially. That’s where title insurance comes in.

Here’s the rundown:

What is Title Insurance?

Real estate is a huge investment—whether it’s a new construction home or a vacant plot of land. Because it’s such a big purchase, any time a property’s title or ownership is transferred, certain risks arise.

When you take out a title insurance policy on a property in North Carolina, you’re signing up for two things. One is a thorough investigation of the property’s title history. The second is insurance that protects you in the event of a title loss or discrepancy on the title’s history.

Not only is title insurance valuable, it’s highly affordable in North Carolina. You pay a one-time premium at closing based on the value of your property.

Do I Really Need Title Insurance?

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While it’s optional, it is highly recommended. Depending on the age of the land or property you’re purchasing, it might have gone through several owners. Over the years, title issues can arise due to a number of different problems.

Some of these problems might be mistakes like clerical errors, miscommunication between owners, or inadequate surveys. Other problems may arise from negligence, fraud, or forgery.

If an issue with your title arises somewhere along the line, you’ll be prepared, protected, and insured if you have a proper policy.

What Kind of Issues Might Arise?

We’ll walk you through some hypotheticals. Say you purchase a home from a single woman. However, that woman bought the home with her former husband—whose name is still on the title. She sold it without a signature from that former husband, meaning he may come back and lay a claim to it after it’s been sold.

Or, perhaps a lien was taken out against the property. A company or organization may have a right to place a lien on the property in order to settle a former owner’s debt. A lien stays with a property until it is paid off or the property enters foreclosure.

What Kinds of Title Insurance are Available?

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Generally speaking, there are two kinds of title insurance: lender’s coverage and owner’s coverage.

Any real estate transaction comes with a small amount of inherent risk, so the lender’s coverage protects the lender for the amount of money they’ve loaned to the buyer.

Plus, when you purchase a title insurance policy, you receive an extra layer of security. Say you have to hire a lawyer and go to court to defend your title: when you have a policy, it covers your legal costs up to the amount of the purchase price.

The lender’s coverage policy ends when the owner pays the loan off. The owner’s coverage policy lasts for the entire time they own the property, with additional protection after selling the property.

How Do I Get Title Insurance in North Carolina?

Title insurance differs from state-to-state, but North Carolina has some of the lowest title insurance rates available. To pick the insurer that’s right for you, we highly recommend meeting with your attorney to discuss it.

Once you sign a purchase agreement for the property, your escrow and closing agent will begin the process of helping you obtain title insurance.

Looking for more information about which coverage is right for you or your clients? Our North Carolina title insurance professionals are here to help.

What Makes Tryon Title the Best Option for Title Insurance in North Carolina?

At Tryon Title, we are provide our clients with exemplary customer service, as well as the fastest turnaround times with laser-sharp accuracy. We’re also local to North Carolina, so we understand this area and its unique real estate needs better than anyone.

Our dedicated team of North Carolina title insurance professionals has more than 50 years of combined title insurance experience, and our underwriters are known for delivering final policies in less than 24 hours. No matter how small, large, or complicated your task may be, please know that it is our top priority.

Please reach out to us today for an expedited, accurate, and streamlined title insurance experience.