Title company fees matter

Most reputable title companies now maintain robust websites with a disclosure of their title charges/fees, making it simple for prospective homebuyers to compare title company fees and select their title company.

According to a recent analysis, less than 10 percent of homebuyers and refinancing homeowners chose to select their own title company – despite the fact that it was their legal right to choose a title company. Instead, the overwhelming majority of those homebuyers and refinancing homeowners deferred to their real estate agent or mortgage lender to choose the title company on their behalf.


Because most homebuyers do not realize the potential cost-savings associated with selecting their own title company. They do not realize that a simple online search for comparing costs among local title companies could save a thousand dollars or more.

In fact, many real estate agents and mortgage lenders are not aware of this simple fact. It is incorrectly assumed that all title company charges are equal.

My “Best Friends” advice is as follows:

  • Choose a title company yourself – don’t leave the task to others.

  • Choose a title company that clearly discloses their title fees and title insurance rates on their website.

  • Choose a title company that is independent – not a title company affiliated and sharing profits with your real estate agent’s brokerage or your mortgage lender’s company.

  • Choose a title company that has been in business for at least 10 years.

  • Choose a title company that conducts closings by licensed real estate attorneys – not notaries or settlement agents.

  • Choose a title company with positive user reviews. Check out Yelp, ActiveRain.com or Google for starters.

Follow my “Best Friends” advice and you will end up at the closing table of a reputable title company AND pay less.

Related Articles

Leave a comment

You are commenting as guest.
  • Ways to save at closing

    Title charges are the largest chunk of closing costs and can vary by hundreds of dollars.

    Learn more

  • What are closing costs?

    The real estate closing process involves loan steps, legal steps and title steps.

    Learn more

  • What's title insurance?

    Insure your legal ownership just like you'd insure the building, but for lots cheaper.

    Learn more

Connect with us

Our blog contains general information only, not intended to be relied upon as, nor a substitute for, specific professional advice. Rate tables and figures that appear on our blog are deemed reliable but not guaranteed. For current rates & policies, refer to our Quick Quote and Consumer Guide. We accept no responsibility for loss occasioned to any purpose acting on or refraining from action as a result of any material on our blog.