Winston Salem, NC · Member since 2015 · 9 posts · 0 votes
I have not gotten my first deal but i was wondering is there a good title company in the triad of north carolina. I have wholesalers traveling to charlotte just to complete/close deals in greensboro...not cool! What are good qualities to look for in a good title company? Should you expect to get charged for a title search if the deal falls apart?
@Daniel Williams I don't know any good title companies NOT in the Charlotte area but I can give you a "quick tip" @Joshua D. :-)
A couple of weeks ago at my local REIA a similar question was posed by a newbie to the area and he left with three recommendations. I would say the folks at your own REIA are going to have the most insight in that this is a service they need as well. If you have one coming up just ask the investors in attendance, I'm sure they can move you in the right direction!
I have worked for 3 different title companies over the past 5 years and it really all depends. Usually, the smaller Title companies will run the search for free to try and gain business. I worked for two small companies and one large one and the large ones will make exceptions if you bring them a lot of business or have the potential to do so. I would recommend talking to a marketing rep or someone in the company and see if they can do a limited title search for free or something similar (I am in AZ so I am sure it is different where you are) I know down here we charged $65 for a full title search and most people just want to know if there are any liens etc. Worst case scenario though, $65 is well worth it if it saves you from buying a deal that will cost thousands though right?