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TITLE COMPANY

Paying cash to buy property; is Tile Company services required?
  • August 15 2011 - Enterprise
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Answers (4)

Whether you're financing, paying cash or buying with beads, it's essential that you buy an owners title policy to protect your future interests. If there are any unseen clouds on title, title insurance would give you a measure of protection and would cover the cost of attorney fees should they be necessary. Personally, I would definitely use a title company and buy title insurance when buying property.
  • August 15 2011
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It would be a good idea to use Title to propect yourself. You would want to make sure there are no liens or other clouds on title. We can negotiate your closing costs from the seller. There are great deals in this market. Good Luck.
Thank You
Suzie Marquardt
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  • August 15 2011
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Profile picture for HouseOfVegas
In Nevada we have Title and Escrow together, usually. From a practical standpoint you are going to need those services. But moreover the Seller is going to require them regardless of what you want. FYI, since you are paying cash, the escrow fees are going to very small and the Owner's Title Policy is traditionally (but not always) paid for by the Seller.

You have a real estate agent, yes? I would expect them to explain how this works.
  • August 15 2011
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Whether or not it is required, the service is their to protect you as a buyer. The title company will provide you with a title report that lists any liens, judgements, easements, etc. They will then provide with you an insurance that this information is correct. Failing to use this service can put you in a very bad position in the future and can potentially cost you a lot of money. 

When you make your offer, you can request that the seller cover your title fees. It is very common in this market for the seller to cover items like this.

Good Luck!
  • August 15 2011
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