How to Choose the Best Abstract Company
Choosing the best abstract company is essential for ensuring clear title ownership and a smooth property transaction. Traditional Abstract is a reliable abstract company in Bethelehem, PA, Lehigh Valley, Easton, PA, Nazareth, PA, Allentown and surrounding areas.
These are key steps to guide your decision:
- Research Reputation:
Start by investigating the company’s reputation. Look for online reviews, ask for referrals from real estate professionals, and check ratings with your state’s Department of Insurance or a local Better Business Bureau. A company with a strong history of accurate, timely work and good customer service is a good sign.
- Verify Licensing and Experience:
Make sure the abstract company is properly licensed and has a solid track record. Experience in handling abstracts, especially within your property’s county or state, ensures they understand local land records and regulations.
- Evaluate Customer Service:
Good communication and responsiveness are critical. Choose a company that explains the abstracting process clearly, answers your questions promptly, and keeps you informed throughout. A dedicated point of contact can improve your experience.
- Compare Turnaround Times:
Ask about the company’s average turnaround time for abstracting services. Efficient companies help keep real estate transactions on schedule without compromising accuracy.
- Check for Insurance Coverage:
A reputable abstract company should carry Errors and Omissions (E&O) insurance to protect you in case of mistakes in the abstract or title history. This adds an important layer of security to your transaction
- Understand Their Technology and Processes:
Modern abstract companies often use digital tools for faster, more accurate results. Ask how they access public records and manage updates. Companies with efficient systems may reduce delays and errors.
- Compare Costs:
While cost shouldn’t be the only factor, request quotes and compare fees. Ensure that you’re receiving a fair price for reliable service.
In summary, choosing the best abstract company involves balancing reputation, experience, customer service, speed, insurance, and cost. Taking the time to evaluate these factors can help ensure a successful real estate transaction.
Want to discuss this further? We’re available by phone or email.
