July 2018

Whether you are buying commercial or residential real estate, you probably know you are going to need title insurance. If this is your first time purchasing a property, you may not know that much about what title insurance is and how it benefits you. To help you understand what it is, we have listed below just a few things you should be aware of when it comes to title insurance for real estate.

Purpose

Before you buy a house or commercial property, a title company will complete a title search to ensure the seller legally owns the property and can sell it to you. The title insurance you buy ensures you and the lender are protected if anything were to go wrong with the transaction because the seller was not legally able to sell the property. As a result, its always important to protect yourself and your investment by purchasing title insurance when you are ready to break into the real estate market.

Costs

In Texas, the rates for title insurance are set by the Texas Department of Insurance. The cost of title insurance is usually included in the closing costs of a real estate transaction, but you should always double check in case it is not paid up front by the lender.

Reach out to a real estate attorney in Austin, TX, you can trust by calling Bukowski Law Firm at (512) 614-0335 right now.

As a real estate law firm in Austin, TX, Bukowski Law Firm can help you with a variety of items from insurance issues to litigation. There are numerous reasons why you would need to turn to a real estate law firm in Austin, TX, but we have listed some popular causes that our legal team can assist you with below.

Acquisitions & Dispositions- When you are purchasing real estate, you want to let an attorney handle all of the paperwork including the purchase and sale agreement, loan documents, title work, etc. With Bukowski Law Firm – a trusted real estate lawyer – representing you, you can have peace of mind when it comes to acquiring new properties.

Escrow & Closing- In addition to representing you during your real estate transactions, we also work with title companies to provide title and escrow services for a closing. Closings can be very daunting and while representing you or servicing as your title company, our real estate law firm has the power to handle your exact needs.

Code Enforcement- Regardless of the municipality in which your property is located, dealing with Code Enforcement issues is always a strain. Our legal team has the experience to help you navigate this task and manage the process.

Property Tax Protests – Every year in Texas, it is important to protest the assessed value of your commercial property. Our legal team provides this service to its commercial real estate clients and can help you do the same.

If you are wondering if our real estate law firm in Austin, TX, can assist you with something, just give us a call at (512) 614-0335 right now.