Seller Services

A title company also plays a significant role in a real estate transaction for the seller. Their primary responsibility is to facilitate the transfer of ownership from the seller to the buyer while ensuring that the seller can convey a clear and marketable title. Here's what a title company typically does for a seller:

• Title Search and Examination: Just as for the buyer, the title company conducts a title search and examination to verify the property's ownership history and uncover any potential issues that might affect the title's marketability. This process helps identify any outstanding liens, encumbrances, or legal disputes that need to be resolved before the sale can proceed.

• Clearing Title Issues: If any title issues are identified, the title company works with the seller to address and resolve these issues. This might involve paying off outstanding debts, obtaining lien releases, or negotiating with creditors to clear any claims against the property.

• Preparing Closing Documents: The title company assists in preparing the necessary legal documents for the closing, including the deed transferring ownership from the seller to the buyer. They ensure that all required documents are accurately completed and comply with local and state regulations.

• Closing Services: During the closing, the title company coordinates the transfer of ownership and funds between the parties involved. They ensure that the seller signs all necessary documents to officially transfer ownership to the buyer.

• Paying Off Liens: The title company ensures that any outstanding liens or mortgages on the property are paid off from the proceeds of the sale. This is important to ensure that the buyer receives a property with a clear title.