WHAT IS A TITLE COMPANY? | WHAT IS TITLE INSURANCE? | WHAT DOES A TITLE AGENT DO?
Meet a local Twin Cities South Metro title agent, Sarah Hanson of Land Title Inc. as she answers these questions as well as covers in detail what types of costs you can expect to pay as a buyer or a seller in a home sale transaction. Additionally, she will cover common terms you will run across in a transaction such as Title Insurance, Deed, and Escrow.
Also remember you can choose your own title agent when buying or selling a home! A title company provides title insurance and an title exam (buyers side). There are usually two types of title insurance - owners title insurance and lenders title insurance. Just like any insurance it will depend on the value of the home and it is a one time fee and it protects your home retroactively from defects in title. A lenders title insurance is mandatory if you have a mortgage but owners title insurance is optional - but it's recommended.
On the seller side a title agent has fewer responsibilities since the seller will not be purchasing insurance. **See the video for the list of differences between title service for seller & buyers!!**
A title agent service fee usually ranges between $350 - $550 plus they will charge a title exam fee. Other miscellaneous fees may include: processing fees, courier fees, document preparation fees, wire charges, etc.
These are all good things to ask a title agent when deciding who to use as well as think about their communication style!
Contact Sarah Hanson:
Closer/Branch Manager
Title Insurance Producer License # 40596155
MN Closer License # 40601339
15025 Glazier Avenue Suite 200
Apple Valley, MN 55124
(952)997-3044 Office
shanson@landtitleinc.com
www.landtitleinc.com
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Questions on Buying? Selling?
💟Best way to contact me:
📧 Email: cayla@soldbyschluter.com
📞Phone: 507-213-0857
🏡Web: www.soldbyschluter.com
⚡Links: www.facebook.com/soldbyschluter
License #: 40545659
RE/MAX Results
All information subject to change.
