In real estate, every transaction depends on teamwork. From lenders to inspectors, title and escrow, everyone has their part in the process, but they all share one goal: closing the deal. After all, no one gets paid unless the transaction is completed! That’s why ordering and reviewing the preliminary title report early in the process is so important. It can help you avoid delays.
Keep Your Timeline on Track
Real estate deals can run on tight deadlines, and delays can cause problems. Ordering the preliminary title report early gives you a head start on finding and fixing any issues, like liens, errors in the legal description, or unpaid debts attached to the property.
In today’s market, where interest rates can change, time is critical. A delay caused by unresolved title issues could mean your buyer no longer qualifies for their loan. By addressing these problems early, you keep the deal moving forward.
Show Clients You’re a Problem-Solver
When you review the preliminary title report early, you can spot and resolve potential issues before they become major headaches. Sharing this information with your clients shows them that you’re proactive and knowledgeable.
For example, if you identify a lien that needs clearing before listing a property, you can take care of it upfront. This makes the selling process smoother and gives your clients confidence that you’re the right agent for the job. Being prepared sets you apart from other agents who might overlook these details.
Protect Against Fraud
Fraud is a growing concern in real estate. Reviewing the preliminary title report helps you spot warning signs, like unusual transfers of ownership or unexpected liens, that could indicate fraud.
By catching these issues early, you protect your clients and ensure the transaction is secure. Showing your clients that you’re on the lookout for fraud demonstrates that you’re not just focused on closing the deal—you’re also protecting their best interests.
A Simple Step That Makes a Big Difference
Ordering and reviewing the preliminary title report may seem like a routine step, but it’s one of the most important things you can do to set your transaction up for success. It allows you to identify and solve problems early, keep the deal on track, and show your clients the value of having you on their side.
Next time you start a transaction, make reviewing the preliminary title report one of your first steps. It’s a small action that can make a big difference in your client’s closing experience and builds your reputation as a knowledgeable and proactive agent. Need help? Call Land Title Company today!
