Are real estate lawyers better than title companies when you are selling your house? While you can choose between the two, it is important to understand the differences between real estate attorneys and title insurance agency NJ.
Below are some details about each entity and which services might be most beneficial to you.
Title companies in NJ
Title companies in NJ are title insurance agencies. These companies provide title insurance to buyers and lenders by ensuring that titles are free from any encumbrances that could cause financial loss.
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The title company in NJ guarantees the buyer that the title can be transferred to the property or home without any liens. A title company makes it clear that the property/home has a title. This entity protects both the rights and interests of the parties concerned.
Most title companies in NJ will ensure closings with the assistance of a lawyer to meet certain requirements. The location you live in also affects the closing costs.
Real estate lawyers
Real estate lawyers are experts in real estate law and will ensure that you as a seller get the best possible deal. They can also act as escrow agents, holding your earnest money and down payments. These lawyers can help you understand the legalities of the transaction, the offer made to the buyer, and your rights.
If the lender's lawyer is unable to handle it, an attorney can help. Two of the most important responsibilities for a real estate lawyer are:
* To provide advice on the documentation of the transaction
* To represent you at closing