Even if you are buying vacant land, it is still imperative to use a title company in the closing process. Here are just a few of the reasons why:
- Title Search: A title company can perform a thorough title search to ensure that the property has a clear title and there are no liens or encumbrances on the property. This helps to protect you from any future legal issues that may arise due to ownership disputes or outstanding debts on the property.
- Title Insurance: A title company can provide title insurance, which protects you from any unforeseen issues that may arise after the sale is complete. This can include claims from previous owners or lenders, boundary disputes, or zoning violations.
- Closing Services: A title company can handle the closing process, which involves the transfer of ownership and the disbursement of funds. The title company can also ensure that all necessary legal documents are signed and recorded properly.
- Peace of Mind: By involving a title company, you can have peace of mind knowing that the transaction is being handled properly and all legal requirements are being met.
In summary, involving a title company in the closing process of vacant land is essential to ensure that the transaction is legally sound and that you are protected from any future legal issues that may arise.
At Choice Land, we use a third-party National Title Company for all of our closes. By using the same company for all of our closes, we are able to ensure both low closing costs to you AND peace of mind knowing that your land purchase is both safe and legally sound.
Happy to talk about any questions you have on our closing process or a specific property you are looking at. You can always reach us at info@choicelandforyou.com or better yet give us a call (or text!) at 724-888-5250.
