Whether you're buying or selling, Legacy Title makes sure your ownership is clear — and your closing is smooth. Here's what to know.
When purchasing a home, it's essential to verify the seller's rightful ownership and ensure there are no unresolved issues that could impede the transfer of title to you.
Problems with the title can limit property use and lead to financial loss. That's where title insurance becomes invaluable — and Legacy Title is here to help. We conduct thorough title searches to confirm your ownership is clear of any encumbrances, so your investment is safeguarded.
No renewal premiums, no expiration. Protection lasts as long as you — or your successors — hold an interest in the property.
We'll help you find an experienced closing attorney and satisfy any liens. We promise a smooth closing, great communication, and amazing service.
Whether you're listing for sale by owner or working with a real estate agent, we're here for you.
Many buyers overlook it, but title insurance protects both you and your lender from losses stemming from defects in the property's title.
Defects can range from improperly recorded documents to forgery, easements, or encroachments. If someone claims ownership or a defect is discovered, title insurance shields you from the resulting losses — potentially hundreds of thousands of dollars, and even your home.
A one-time, up-front fee — not an ongoing expense. An owner's policy is based on the home's price; a lender's on the loan amount. Together they usually cost about 0.5%–1.0% of the purchase price — roughly $1,500–$3,000 on a $300,000 home, per ALTA.
The buyer pays for the lender's policy as part of closing costs. Either buyer or seller can pay for the owner's policy — local custom often decides. Buying both at once can reduce the owner's cost through a "simultaneous issue" charge.
In North & South Carolina, the price for title insurance is the same no matter which company you use. So it pays to choose a reputable company with experienced underwriters. Contact us for an exact quote on your transaction.
A title policy covers underlying issues with a property's title that might have been missed before you bought the home — for example, if a public-record search failed to catch a lien or ownership dispute.
Title insurance doesn't protect against every possible infringement on your property rights. It won't cover problems caused by your own actions — such as failing to pay a contractor who replaced your roof, or not paying your property taxes. It also doesn't protect against eminent domain, when a government seizes private property for a public purpose. In short, it doesn't protect against issues newly created after you buy — it protects against issues that existed before, and might have affected your decision to purchase had you known.
Title insurance isn't just important — a lender's policy is required to protect their interest in the property. And an owner's policy is strongly recommended: without it, you could face significant financial liability if a defect or ownership claim surfaces. Learn more about standard vs. expanded coverage by getting in touch with our team.
Homeowners can choose between standard and expanded coverage, which broadens protection against certain additional risks. We're happy to walk you through the differences and help you decide what's right for your situation — just reach out.
Reach out any day of the week — including nights and weekends — and we'll make your closing easy.