Shopping. It’s ubiquitous. Shopping your real estate closing provider, though. Unheard of. As consumers, we choose to shop everything. I, for one, shopped my car insurance. I shopped the handyman I needed to fix my roof. I’ll even go as far as to admit that I shopped the running sneakers I bought last week…FIST PUMP—saved
Shopping. It’s ubiquitous. Shopping your real estate closing provider, though. Unheard of.
As consumers, we choose to shop everything. I, for one, shopped my car insurance. I shopped the handyman I needed to fix my roof. I’ll even go as far as to admit that I shopped the running sneakers I bought last week…FIST PUMP—saved $30!
Whether you prefer retail therapy or you’re economical and shop around for the best price, the reality is, we’re ALL shoppers of some sort.
So, why aren’t you shopping what is often your most expensive asset, your house? Ok, ok, you are shopping your house, but what about the history of your house? Confused? I thought you might be. I’ll explain.
In short, when you buy OR sell a house, you should go through the process of closing on your home and getting title insurance. Title insurance protects the history of your home for a one-time fee. Sounds like a no brainer, right? Except, most people don’t shop for this. Because of this: consumers are: (a) getting ripped off and/or (b) not getting the rest experience.
Pro Tip: Shop for your real estate closing services provider (title insurance, escrow services, real estate closing). You don’t have to use the title company your real estate agent recommends.
To that end, your real estate agent might suggest one closing service provider (hopefully they’ll give you a few options). But, the truth is, you shopped for your real estate agent, why wouldn’t you shop for services needed throughout the rest of your sale or purchase?
Here are some things to keep in mind when closing on a house:
- Closing Company – What company is closing on your home? Are they into shady dealings? Will they come to you to close? Their availability (evening and weekends)? Digital or traditional operations? That said, shop around. Choose the company you like best (this is an important, huge purchase or sale for you!)
- Costs – Who’s covering the cost for the closing, title insurance?
- Rebate – Are you getting a rebate on your title insurance premium? Everyone can get the rebate. There are no eligibility issues. And, under Florida law, everyone should be able to receive it.
- Junk Fees– Junk fees are exactly as they sound, junky! Don’t get suckered into paying these kinds of fees (wire, notary and courier fees). You’re already paying out a lot of money, there’s no need for those small extras.
All in all, shopping your closing services provider is just as important as choosing your real estate agent. Because, when it comes down to what’s most important in the process, it’s making sure your house and its history is safe and protected.
Moral of the story, don’t let such an important purchase go un-shopped. We’re all pros at shopping. This shouldn’t be any different.