Most buyers and sellers are indifferent about title insurance companies, while many real estate agents or lenders have an existing relationship with a specific title company they prefer to work with.
What many home buyers don’t realize is that the title insurance company they work with can have a big impact on their closing experience. In the Tallahassee area, typically the buyer or buyer’s agent chooses the title company and the buyer pays for title insurance.
In South Florida areas, the Seller chooses the title company and pays for title insurance. This is always negotiable, of course, and is made part of your real estate contract. With a refinance, you or your lender chooses the title company.
Regardless of where you may have closed on your home initially, any title company can and should provide you with the reduced rates for refinancing. You do not have to go back to the title company you closed with when you refinance in order to get the reduced rates.
Title insurance premiums are regulated by the State of Florida, so the rates will be the same regardless of which title company you choose. The difference is the amount of the closing fee (this fee is set by the title company) and the experience the title company provided to you.
Choosing the right title insurance company can lead to:
- A stress-free closing experience
- Closing on-time without delays
- Not having any title issues after closing
- More affordable title insurance and closing costs
- Peace of mind that your home will be secure for years to come