How to Choose the Best Title Company for the Purchase of Your Home

In this video, Arlington Virginia real estate agent and Realtor Matt Leighton talks about the strategy to use to choose the best title company for the sale or purchase of your home.

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As a purchaser, you have the right to choose the settlement (escrow) company to close your transaction. What is the best way to pick a settlement company?

Oftentimes purchasers search on google “title company city name” to find what they believe to be the best title company. This way of searching will not lead to the best company, but rather to the company that spends the most on advertising.

While hypothetically this still could be a good company, it is much more likely that these companies spend their budgets mainly on advertising, and not on talent.

You can compete on quality or quantity. If there is a title company that advertises everywhere, you need to consider the quality of their service before moving forward.

Another popular way to search for the best escrow company is to use Yelp, or other rating-based sites. Again, while it may seem like this is a good way to search, there are some things to consider:

Most of the times, friends of the business will rank the business 5-start to artificially inflate the ratings.

However, the bigger issue is the “needy buyer” or a purchaser who had a negative experience that rates a title company 1-star. And while maybe that title company is deserving of the 1-star review, there is a higher likelihood that that individual was the problem and vented their frustration on Yelp.

The best ways to find the best settlement companies are to ask your lender and to ask your real estate agent.

Both your lender and your agent will have established relationships with multiple title companies.

Many times these title companies will be affiliated with the lender or agent (or both). The law states you as a purchaser has the final say in who closes the transaction. That being said, you should trust your agent and your lender to recommend quality companies that they have experience with to close the deal.

Trust your agent. Trust your lender. Their experience and expertise will guide you in the right direction.

Video location: Arlington Forest Club – Arlington, Virginia (map)

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Matt Leighton – Arlington VA Real Estate Agent
Licensed in VA and D.C.
Century 21 Redwood Realty
1934 Wilson Blvd
Arlington, VA 22201