FAQs

Philadelphia Abstract Company

  • What is title insurance?

    Title insurance is a form of protection for property ownership interests. It is an essential component in real estate transactions, providing assurance to property owners and lenders. For more detailed information about how title insurance can benefit you, please contact our office.
  • How do I sell my property?

    Selling your property involves several important steps, including preparing the home for listing, marketing it effectively, reviewing offers, and completing the required paperwork. Whether you are selling or preparing for home buying on your next property, a key part of the process is ensuring that the title is clear and ready for transfer at closing. Philadelphia Abstract Company assists with the title-related portions of the transaction and helps coordinate tittle insurance to protect both parties and support a smooth ownership transfer. According to American Land Title Association, about 25% of real estate transactions uncover title issues that must be resolved before closing, which highlights the importance of a thorough title review. Visit one of our two locations to get started.
  • What do I do to buy a property?

    Buying home can involve multiple steps, from securing financing to completing inspections and preparing for closing. One of the most important aspects is making sure the property’s title is clear of liens or ownership disputes. Philadelphia Abstract Company manages the title search process and works with all parties involved to help keep your purchase on track. Call us today to learn how we can assist with your property transaction.
  • Is title insurance needed?

    During the home buying process, title insurance is often recommended to help protect against potential ownership disputes, undiscovered liens, or errors in public records. While every situation is different, this coverage can provide added peace of mind after closing. Philadelphia Abstract Company can walk you through your options and help you determine what best fits your transaction. Visit one of our locations to speak with a team member.
  • What is transfer tax?

    Transfer tax is a charge that may apply when property ownership changes hands. It is typically calculated based on the sale price and included in your closing costs. Philadelphia Abstract Company can help you understand how transfer tax fits into your settlement statement and guide you through the paperwork involved in buying home. Contact us today for more information.