Why do you need a real estate attorney
in Florida instead of a title company?
Who Should You Use:
A common misunderstood issue for the purchaser, seller or owner of a property is whether to use a title company or attorney for a real estate purchase, sale or refinance? Many clients have the misconception that an attorney will cost more than a title company. Often times real estate brokers have a financial connection to a title company and casually suggest or require their agents to refer their clients to a specific title company for the simple fact that the company makes an additional fee from the settlement on your property. Here are some facts to help you make an informed decision.
In the state of Florida, both, attorneys and title companies may issue title insurance. Title insurance rates are promulgated by the Department of Insurance, so title insurance obtained through an attorney is priced the same as from a title company. In addition, closing costs charged by an attorney acting as a closing agent are comparable to those charged by a title company. With that said, what is the difference in using an attorney rather than a title company for closing?
The answer is simple: By using an attorney you are receiving true legal representation to protect your interests in the transaction for a comparable price to a title company.
Why settle for less when you can get an experienced attorney on your team?
Transparency and trust are the goals in your transaction.