Why would a seller go though a title company instead of a realtor,
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
Why would a seller go though a title company instead of a realtor,
Landlord wants us to
buy the house but
wants to go through a
title company,i feel
its a little shady.
Asked on January 30, 2019 under Real Estate Law, Texas
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 5 years ago | Contributor
Possibly to save money--to avoid paying the realtor commission of typically 5% or 6%. Title companies typically charge a flat fee that is lower or less than the commission on a house. Essentially, he's doing a "for sale by owner" in terms of marketing the house directly to you without a realtor, while letting the title company handle paperwork and logistics.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.