Shopping to Save on Title Services-Setting the Record Straight

Save Money on Title ServicesWhen I moved to the Washington DC/Northern Virginia area in June of 2012 I came across something in the Title Industry that I hadn’t seen much of before.  That was “shopping to save on Title Services.”  At first I was like “huh!?” You see, in Arizona where I came from the Title fees were “filed rates” with state banking.  That meant that you couldn’t just give discounts for the sake of giving a discount.  The rate you quote or use had to be filed.  In the state of Virginia that is not the case.  So, people were shopping and wanting the lowest fees possible.  Its pretty frustrating sometimes to have people want you to discount what you do.  The other day I came across an article that talked about how to save on Title Services and what the consumer should do.  Some of the article was very good, other parts were not good and full of bad information.  I’m here to set the record straight and correct some of these falsehoods and give you good information that can not only help you partner with a good Northern Virginia Title Company, but also help better inform your clients.