Either way, the home buyer will want to be sure that there aren't any liens or encumbrances on the property like unpaid fines, bills, taxes or another's property extending onto your property line.
To accomplish this the buyer will either have an attorney of their choice examine an abstract of title or obtain a title policy insuring that the title is free and clear from the title company. In Texas, we usually submit the contract and earnest money (see previous blog entry "What About Earnest Money"), to the title company and they prepare everything for closing including ordering a survey (see previous blog entry "When Buying or Selling a Home, What's a Survey?")if one is needed. The charge for the title policy (also called a title commitment) is negotiable but usually the seller's expense.
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Buying or selling? Hire an experienced professional. Call Robin Scott, Broker at 512.589.7988.
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