We Buy Houses in Sacramento and the Title Company.
Buying or selling a house in Sacramento may appear complicated, but in reality it is no more complicated than buying and selling a car. When buying or selling a car, the Department of Motor Vehicles performs a title search and issues a title report detailing any issues that may cloud title for the new owner.
The DMV makes sure that no one, other than the registered owner, has a claim on the vehicle and that there are no liens or judgements outstanding, such as financing. That title cannot be transferred until all debts have been satisfied or paid off. The Title search tells the buyer about the ownership of the car and whether the title is free and clear.
Houses, like cars are considered real property and also have titles (establishing ownership) and as such the house can be sold from one individual to another without the need for outside buyers or seller agents of any kind. The buyer and a seller make their wishes known in a written purchase and sale agreement that is signed and then submitted to the Title Company for processing and a title search, much like the one that is performed by the DMV.
Title is the right to, or ownership of, a specific real estate property. Each Title is attached to a deed and each deed has a written real property description that is recorded and located at the county seat in each county in California. Ownership, and all the rights and duties of each individual that holds the title for a property, is recorded in a legal document that is filed with public records. This document is referred to as the deed.
Before you can close or purchase a property, the title company has to complete a Title search to determine the history of ownership and ensure it is clear from defects, liens, easements, encroachments, or other restrictions on the property that would prevent it from being sold.
As Cash home buyers in Sacramento, we buy houses directly from homeowners without the use of real estate agents because we know that the addition of a real estate agent is simply going to add a layer of cost (real estate commissions) that will be be deducted from the proceeds that go to the seller.
That being said we know that the best kept secret in real estate is the Title Company and the role that they play between the Seller and the buyer.
The Title Company does all of the paper work.
The Title Company, in fact, has a fiduciary role to be the independent third party expert and to represent all parties to the transaction. Once the paperwork is delivered to the Title Company, they do all the work for everyone involved. They collect and file all of the agreements, contracts, paperwork, prepare all of the documents, calculate sales price, mortgage payoffs, run reports for a free and clear Title, calculate and allocates closing cost, fees, records the deeds at closing, deal with the lenders and their documents and of course distribute the payout directly to the Seller.
The truth is that not one of these items is performed by a real estate agent and it has always been that way.
So why would you hire a Real Estate Agent to buy or sell a house in Sacramento? Only You Can Answer that.
The fact is that the real estate agent, especially a good one will provide a number of services that are useful when buying and selling a house, but they are not a requirement. They are consultants, and they earn their money through what is a customary 6% commission when a house is sold or bought. By the way… the Seller pays 100% of the commission.
If you are a buyer you may be thinking, wait, if I don’t pay the commission, what do I care, I can get the services of a real estate agent for free. The truth of the matter is their services are not free and if you factor the cost of the commission that will be paid, you are paying for the real estate agents commission as the price of the house will certainly reflect that.
So what services does the real estate agent provide?
- They will help you with pricing by providing you with a comparative market analysis (CMA) of similar properties sold in the area. It is the precursor to the appraisal that will be ordered by the lender.
- They prepare purchase and sale agreements so that offers can be made, countered and accepted. Let’s be clear, these are fill in the blank contracts that are 20 pages and readily available in generic form on the web. Keep in mind that in most cases, real estate agents are negotiating contracts with other agents and their payday comes when something is sold.
- Deliver all documents to the Title Company for processing and setting up the escrow account. They are generally emailed and the real process of selling your house begins.
- Hosting open houses and Showing houses so you don’t have to
- Create a Marketing plan that will get your house sold within 6 months (the average contracted listing period)
So you are probably asking yourself, can’t I do each of these things myself and just deliver the information directly to the Title Company?
Of course you can and in fact the title company will also assist you in the following manner as well;
- With Pricing: The Title Company will order a Comparative Sale Analysis that includes all of the sales of similar properties in the area with additional data on cash transactions that have occurred. It is more comprehensive than a real estate agent CMA. So while the title company may not give you pricing recommendations, but it will deliver the most comprehensive sales data for you to arrive a fair Market Value asking price for your house.
Just to be clear, the Title Company is where all real estate transactions end up. They are the unsung heroes of every real estate purchase and sale and without them, no real estate agent could replicate their services and guarantee the buyer or seller that the transaction was completed and issue title insurance against past and future claims against the property.
The truth is all that if you need to sell your Sacramento house fast all you need is a buyer and the Title Company and they will handle the entire transaction for you. There are no additional fees and there are no commissions. It really is that simple.
My Name is Peter Westbrook and I am a cash home buyer in Sacramento, Stockton, Modesto, Manteca and Lodi CA,
At “Westbrook REI” and “We Buy Houses Sacramento”, we are the best at what we do because we work at it every day. We understand that a commitment to customer and a commitment to our business only happens with hard work. We have years of experience and a plan that we follow. We are a real company with real people that are committed to helping you achieve your goals.
We buy houses in Sacramento, Stockton, Manteca, Modesto, Lodi, Woodbridge, Acampo, Lockeford, Linden, Ripon, and Tracy and Sacramento CA. If you need to sell your house fast in Sacramento, call us… we’d love to make you a fair no-obligation no-hassle offer. You’ve got nothing to lose, but we’d love to earn your business. 🙂