Although many homebuyers are free to shop around for a title agent, or a title insurance company, often times they do not do so, because of unfamiliarity with title insurance.

Those buying real estate property often defer such decisions to lenders, attorneys and real estate professionals who are parties to the home buying transaction. As a result, conflicts of interest can occur if the entities making such decisions have a financial interest in a title insurance agency/title insurance company.

One of the easiest ways to save money is to avoid junk fees added on to pay these parties. To do this, all the consumer has to do is act on their right to choose their own title insurance company and compare prices and get the best deal out there.

Not all lenders have their client’s best interest in mind when it comes to closing costs, which is why Section 8 of the Federal Real Estate Settlement Procedures Act (RESPA) prohibits the giving or accepting of kickbacks and referral fees among persons involved in the real estate settlement process.

Want to see immediate savings on a property closing? Look at acquiring your own title agent.