Real estate closings are always a lot of fun and an exciting time in Murphy NC! It means a buyer, and a seller, have come together to meet a common goal. Part of the closing is have the title work done on the property’s title to ensure it is free of liens, encumbrances, and other issues that could negatively affect the new owner. In North Carolina, that’s where attorneys, not title companies, come in.
With so many folks buying land and homes here in Murphy NC that aren’t from here, they aren’t used to this. Many other states in the US operate their closings with a title company and no independent attorney is involved. However in North Carolina, this is not the case. North Carolina has a law that all real estate closings must take place with a North Carolina licensed attorney.
Many folks hear they have to use an attorney and automatically assume that means a huge bill at closing. That’s not the case! Because using an attorney is the norm in NC, attorneys are reasonably priced because they all ultimately compete for the business. That makes it extremely affordable, and in my opinion, better. You have a trained eye with years of experience and even more years of education on your side to make certain the seller conveys clear title and the buyer receives it. Not only that, from folks I have spoken with who use title insurance companies for closings, the cost is almost identical.
Title Companies are STILL Involved
Even though North Carolina is an attorney state, the title company plays a pivotal role in the closing. The attorney submits the title work to the title company so the property can receive title insurance. The title company then AGAIN reviews the title to make sure there are no major issues that jump out at them and then issue the title insurance policy protecting the buyer’s interests in the property.
Are you looking for a good real estate attorney?
Then Fear Not! We use many extremely good real estate attorneys here locally in Murphy NC. If you’re looking for a good one, CLICK HERE to see our Gotta Guy List that has our recommended contractors and businesses here in Murphy NC. Scroll to down to the “Attorney – Real Estate” category, and choose!
Need a good real estate agent to get you to the closing where you’ll need an attorney?
Look no further! The Poltrock Team will make certain you are well taken care of 🙂 You can even see the experiences other real estate buyer and sellers have had in working with us by checking out our Testimonials to The Poltrock Team at REMAX of Murphy NC. You can call us or use our online SELL MY REAL ESTATE form or FIND MY DREAM HOME form and we’ll get to work for you right away!
John Poltrock – The Poltrock Team – REMAX of Murphy NC – www.MyMurphy.com – JohnPoltrock@gmail.com – Call us Toll Free at 1-866-Murphy-NC – 1-866-687-7496 – Murphy’s #1 Real Estate Team