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What every REALTOR® should know about owner’s title insurance: Part 1

You’re a real estate agent, so you know that buying a home can be overwhelming for many of your clients. Homebuyers can easily feel confused and frustrated by the mounds of paperwork they have to sign. Plus, all the fees associated with closing can sometimes be a surprise even to an experienced buyer.

Owner’s title insurance is one of those items often misunderstood by homebuyers at closing, yet its value is TREMENDOUS. As an important advisor to your clients, you are in the position to help them understand the benefit of owner’s title insurance and the dangers that can be incurred without it.

In the coming weeks, let us equip you with answers to common questions about owner’s title insurance to make sure all clients are protected.

Let’s get started!

What is title insurance?

Owner’s title insurance is a policy that protects homebuyers’ property rights. For the same reasons that the bank requires a lender’s insurance policy, a homebuyer obtains owner’s title insurance to protect their legal claims to the property.

Tune in next time to discuss how title insurance protects your clients. Don’t forget to like our Facebook page, so you don’t miss any of the blog posts in this series! As always, don’t forget to request a Luckett location on your next real estate contract!

 

 

The opinions expressed in this blog solely belong to the contributors/authors and do not necessarily reflect the views of Luckett Land Title, Inc, Luckett Law Office, PLLC, and/or other entities in the Luckett family of companies (hereinafter, “Luckett”). While every caution has been taken to provide our audience with accurate information and honest analysis, please use discretion before making any decision based on the information in this blog. Neither Luckett nor the contributors/authors will compensate a reader/viewer in any way whatsoever if he or she happens to suffer a loss/inconvenience/damage because of/while making use of information in this blog.