May 2019 - Title First Agency

The Relationship Between a Title Agency and a Realtor

Title First Agency works hard to ensure a seamless experience for Realtors and their clients. From contract to closing, Title First handles all the details to help your transactions run smoothly and close on time.

Access to Property Information:

Title First Agency can help Realtors by getting the names, addresses and phone numbers for properties that their client are interested in buying. Maybe the buyer wants to find a home of a certain age or in a particular area – whatever it may be, a Title First Agent has the ability to access a lot of data and can find the information needed. Buyers often drive around neighborhoods that they want to live in and see the perfect home for their family. A Title First Agent can look up the information of who owns the home and how long they have been there at the exact address. This will enable the Realtor and the buyer to put together a homebuyers letter to owner.

Advertising and Marketing:

Title First can assist Realtors in promoting their business with our full line of marketing solutions. For your next listing, make a good first impression on potential clients and prospective buyers with a bound presentation of property information. We have the ability to help you design, print and mail your full-color glossy, postcards. Use our Net-to-Seller tool that will help estimate a client’s profit and present it in a professional format to be shared. Or, give our Title First Agent App a try to provide a higher level of service to your clients. This app will enable you to give quick and easy estimates to any real estate financial question. The app features net sheets, quick estimates, closing,costs, prorated taxes and much more. Finally, email us your MLS link, logo and personal photo and let us create a professional full-color info sheet for your listing.

Legal Expertise:

Title First Agency has experienced real estate lawyers who have worked many years through settlements and closings. It’s an invaluable asset to always have legal experts on hand with a good title company. The buyer, seller and you, the Realtor, can have peace of mind that purchases and end-to-end processes of closing on a property are performed seamlessly and on time.

The Bottom Line: At Title First Agency, we measure our success by your success. That’s why we offer a variety of services to help you grow your real estate business. Beyond the above listed services, the issuing of insurance, and performing title searches, we can manage the escrow account for the home sale. We safeguard all money and documents related to the transaction for the parties involved, such as the deed to the home, closing costs, earnest money deposit and the down payment.

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Overpricing Your Home to Put on the Market is A Mistake

When you’re deciding how much to list your home for, don’t make the common mistake of overpricing your home!

If you price your home too high the right buyers won’t even give it a look. Buyers are savvy now, they are able to do homework and find out what a home is worth. They’ve hired skilled Realtors that have gathered all the comps for the neighborhood. Price it too high and your home will sit on the market without interest or traffic and the longer it sits the more of a negative association will come with your home. Buyers automatically assume homes on the market a long time mean that there is something wrong.

Look for a skilled Realtor that has been in the business a few years and that sells homes quickly. Basically, find a Realtor that does not need your business. You will find these are the agents that will give advice that will work, not advice that the seller wants to hear and fill you with false hope.

The Bottom Line: An overpriced home:

Gets fewer showings.
Attracts the wrong buyers. You’ve listed your home in a certain bracket now. Buyers looking in that bracket expect more and your home won’t have what they want, leaving your home to sit on the market.
Helps your competition. Your neighbor’s home, priced right, will look that much better sitting next door to yours with a bigger price tag.
Will have a negative perception. When you eventually lower the price it won’t have the same impact because it has been sitting on the market too long.
Will have online search problems. Screening homes online involves putting in certain criteria into a search to screen out unwanted homes. It may seem a small thing, but when you price your home too far above the comps, you remove yourself out of these searches.

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The Closing: The Final Step in a Real Estate Transaction

You’ve negotiated for the price you want and qualified for a mortgage, and now the only thing standing between you and your new home is the closing, where you’ll sign the paperwork finalizing the deal. But, what happens at a typical closing? Expect many people to be involved, such as your real estate closing attorney, the seller, real estate agents of both parties, and representatives of the title company and lender.

Closings generally take place at the title company that has issued the title policy for the home. This is a neutral place that has access to technology. Documents can be signed, emailed or faxed, and verified. During closing, ownership of a property is transferred from the seller to the buyer. All funds are distributed by the escrow company, and the new deed is registered in the buyer’s name. The buyer also has to bring a check for all of the mortgage and title fees accumulated along the way. A quick rundown:

The buyer’s lender provides a check for the amount owed toward the purchase price of the home.
The seller signs the deed over to the buyer and hands over the keys to the home. This officially transfers ownership to the buyer.
The title company will register the new deed with the appropriate government office and the record will show the buyer as the new homeowner
The seller receives any proceeds earned from the sale once their mortgage balance and closing costs have been paid in full.

Once the huge amount of paperwork is signed, everyone in the room will experience a sense of relief. The worst thing that could happen on the closing day is a delay to a future date due to lack of preparation.

The Bottom Line: A good, experienced Realtor, will have made sure that on the actual day of closing, you are prepared with all of your real estate closing documents, a government-issued photo identification, as well as your form of payment to cover the real estate closing cost. This will usually be in the form of a cashier’s check or a wire transfer, but also bring along a checkbook in case any unexpected fees come up.

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Private Banking Services at Title First

man with white glove holding model of house

Title First Agency works with some of the nation’s largest private bankers who trust Title First to provide services for their private banking clients. For those clients, Title First provides a dedicated client account team that handles every detail of the clients’ needs and provides a true white-glove service.

Title First Agency’s private banking services include:

A workflow process customized to the specific private lender
A web-based portal that is simple, easy-to-use and can be configured according to the lender’s needs
A client-dedicated team with more than 30 years of processing experience
A proven list of attorneys and notaries that handle private wealth signings
Client-specific reports for use by the lender
Adherence to Service Level Standards that outline Title First’s promise to act efficiently and accurately to ensure that closings occur on time

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What Is the Difference Between a Deed And a Title?

When buying a new home, you’ll quickly hear all sorts of terms tossed into conversations. Most people tend to assume that Property Deeds and titles are the same, but in reality refer to two separate legal concepts. When you own a property entirely, you will possess both the Deed and title. But a title is distinct from a Deed. Mixing the two up can cause problems if you don’t know what you’re using.

Deeds are simply the legal documents that transfer title from one entity to another, not titles themselves. They must be written documents, according to the Statute of Frauds. Another term for “deed” is “vehicle of the property interest transfer.” In most states, deeds are required to be recorded in a courthouse or an assessor’s office to make them fully binding, but a failure to file them does not change the transfer of title. It just means that the deed is not “perfected.” An imperfect deed does not mean that there is a problem with the title. It’s just a problem with the way that the paperwork surrounding the deed was handled.

A Title is a legal way of saying you own a right to something. When buying a home, the title refers to ownership of the property, and you have the rights to use that property. It may be a partial interest in the property or it may be full. However, because you have a title, you can access the land and potentially modify it as you see fit. A Title also means that you can transfer that interest or portion that you own to others.

The Bottom Line: Deeds and certificates of title have one function in common: both provide proof of ownership of property. The certificate of title must contain enough information to identify the piece of property and any encumbrances, such as mortgages. The deed to a piece of property may also include conditions of ownership and more extensive information about the property. The deed itself is also an integral part of a real estate transfer.

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