How much can you save?

It should be noted that title insurance rates and closing fees are filed with the Colorado Division of Insurance for public disclosure.

The following illustrates the range of certain title insurance rates and closing fees, along with the differences/ savings for such services. Understand, the actual costs for your particular transaction can only be determined by running a comparison, which is based on your property's past real estate transactions (i.e., prior sales, loans and refinances)

HOW MUCH DOES AN OWNER'S TITLE INSURANCE POLICY COST?

When selling or buying a home the purchase of an Owner's Title Insurance Policy is common; and who pays for the Owner's Policy is a negotiated real estate contract item between the buyer and seller. With that said, a buyer or seller could be responsible for paying for the Owner's Policy. The illustration below shines a light on the cost and potential savings that exist on various sale prices in the Denver Metro Area** among numerous title companies, for a typical Owner's Policy that includes standard endorsements and the seller's closing services. ***

The cost of an Owner's Policy is based on the sales price. However, it is not that simple, each title insurance company/ underwriter offers their own unique discount programs that are based on when the last Owner's Policy and/or Loan Policy was issued. For example, if the home was purchased or refinanced 5 years ago, the cost for an Owner's Policy from one company might not qualify for a discount while another title insurance company/ underwriter may offer a discount.

By shopping and comparing costs, you could find a rate difference/savings, based on the following, of as little as $442 and up to $4,847, depending on your specific real estate transaction.

WHAT IS THE COST FOR CLOSING A SALE TRANSACTION?

When buying or selling a home the Title Company will charge a "Real Estate Closing Fee" to handle the closing services of your sale transaction. This fee is commonly split between buyer and seller, but can be paid fully by the buyer or seller based on the real estate contract; and may not include any additional services and fees** that may be needed. A comparison of 15 licensed title companies providing this closing service for sale/ purchase transactions in the Denver Metro Area*** shows that a filed "Real Estate Closing Fee" can vary by hundreds of dollars.

WHAT IS THE COST FOR CLOSING A REFINANCE LOAN TRANSACTION?

When refinancing your home, the Title Company will charge a "Refinance Loan Closing Fee" to handle the closing of your loan transaction, which fee is typically paid for by the borrower. A comparison of 15 licensed title companies providing closing services for refinances in the Denver Metro Area** show that the "Refinance Loan Closing Fee" can vary by hundreds of dollars.

CompareTitleCompanies.com can determine if your property qualifies for available title rate discount programs and also provide you a comparison of premiums for an Owner's Title Insurance Policy and the applicable Closing Fee for your specific real estate sale/ refinance loan transaction. So, shop, compare and make an informed decision in selecting the right Title Company for your transaction.