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Updated over 7 years ago,

User Stats

79
Posts
4
Votes
Joe P.
  • Rental Property Investor
  • Mechanicsburg, PA
4
Votes |
79
Posts

Title companies won't close simple transaction in timely manner

Joe P.
  • Rental Property Investor
  • Mechanicsburg, PA
Posted

So far I have used 2 different title companies (both referred to me by other investors) to close on a total of 2 deals each and neither company seems to be able and/or willing to complete the closing in less than about 3 months.  I am a vacant land investor and these transactions are simple cash sales so I believe that 30 days or less is very doable if there are no title issues.  I am getting frustrated because part of my business model is being able to close on these properties quickly and I have sellers and buyers getting antsy and asking me what is taking so long.  I don't even have an answer for them because I don't even know what is taking so long.  I am fairly new to this and it is crucial that I close on these properties in a timely manner and don't lose deals because of the time delay.

I don't know what to do but this is unacceptable and needs to change.  Should I just keep trying different title companies?  I thought about maybe trying to find new title companies that are eager for business and willing to hustle.  Do any fellow investors have any advice for me? 

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