Do you need Title Insurance?

🏡Should you buy title insurance when purchasing a home? Absolutely, YES! Today's video breaks down what title insurance is and how not having it could be detrimental.

The practical thing to remember is that title insurance is usually not as expensive one might think. An event where you would need title insurance such as back taxes owed the previous owner didn't pay or a lien on the property from a business, is actually very rare.
This works in your favor. Due to the rarity of these events, title insurance is cheap to buy. Also, you only have to buy it once, right there at the closing table, and your home title will be insured for as long as you own the home.

I suggest budgeting out $800-$1000 prior to placing an offer on a home set aside just for title insurance. Likely, it won't be that much but as they say... Better to have it and not need it, than need it and not have it.

If you have questions or comments on the topic of Title Insurance,
the housing market, or anything else, leave them here or contact me at any of my other media accounts!

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Видео Do you need Title Insurance? канала Jesse Nicholas