3 homebuying tips potential borrowers need to know

Interesting article for you to consider when making your next purchase.



3 homebuying tips potential borrowers need to know: Before you start your home-buying journey, make sure you're educated on the process. Know what goes into a closing cost, or the importance of your FICO? If you said no to either of those, check these tips.

Tooele Market is Moving!

In today's edition, the Tooele Transcript Bulletin is reporting a significant increase in home sales. This is great news for Tooele County.  When the market is like this, there are plenty of opportunities for both Buyers and Sellers to take advantage of.  Tooele County is reporting an increase of 24% for 2015 over 2014 for new construction of single family homes in the unincorporated areas.

Options abound to fit everyone's needs. If you are looking to downsize, upgrade, or just relocate, now is the time to make your move.  Remember, you have a choice of which title company you want to handle your tranaction.  Let Tooele Title Company help you with next propety transaction.  We are the only locally owned title company and have served Tooele County for over 50 years.

Tooele Title Company; A Local Connection

Tooele Title Company has been a household name in the Utah title insurance community for more than 50 years. One thing we have always taken pride in is our status as a locally owned and operated business. That's right, we're a "mom & pop" shop and proud of it! This means we know our clients and we probably know their parents and grandparents, and maybe even went to school with their aunt or cousin. It also means we know the history of the land around these parts. With more than 25,000 files stored on site, we know what your lot looked like when it was part of, say, a 30 acre field and we know that your property may have been in your family for generations. We encourage you to stay here in town for you closing. Let us do your title search. It will be nice to catch up with an old friend! See you soon!

What You Can Expect From Tooele Title Company

Tooele Title Company, based in Tooele, Utah, has been serving Tooele County and beyond for more than 50 years. Here are just a few things you can expect when working with us...

*Tooele Title Company features insurance products from both First American Title and Stewart Title, proven leaders in title insurance underwriting.

*All Escrow Officers at Tooele Title Company are also licensed Title Insurance Agents. Our knowledgeable staff can assist you with both title and escrow needs.

*At Tooele Title Company, we provide in house title searching for quick and accurate service.

*We, at Tooele Title Company, have an entire staff that works together for you and your client. No fighting over clients in our office. Our agents, buyers, sellers, lenders, and borrowers can talk to ANY member of our staff about their file.

Tooele Title Company can provide title insurance on any property in the state of Utah. We look forward to working with you soon!

A New Journey For An Old Friend

Things are changing here at Tooele Title. In November our very own Jerry Houghton ran a successful campaign for Tooele County Recorder and was elected to serve the people of Tooele County in that capacity. While we are going to miss having Jerry in our office, we know there is not a better person for the office of recorder than him. We wish Jerry the very best. As for things at Tooele Title, you can be assured that you will receive the same great service you have come to know and expect over the last 53 years. We like to say it's "business as usual" here. We are here to stay and we hope to be your source for title insurance for many years to come. Give us a call, we're happy to help!

Tooele Title Supports Tooele County Organizations

We here at Tooele Title understand how important it is to give back our community, and we pride ourselves in supporting those organizations that make Tooele County a great place to live and work. Some of the organizations we support include:
- Tooele County Chamber of Commerce
- Kiwanis
- Tooele High School Rodeo
- Tooele County Livestock
- West Elementary and Mrs. Adams Kindergarten Class
- Tooele County Babe Ruth Baseball
- Tooele High School Student Government Homecoming and Festival of Trees
- Tooele County Softball
- Tooele County Board of Realtors
- Tooele High School Swimming
- Ducks Unlimited
- Tooele High School Football

Five Fun Facts About Title Insurance

* The first title insurance policy was issued in 1871.

* Title insurance protects against claims from defects such as another person claiming an ownership interest in your property, fraud, forgery, and many other items specified in your title insurance policy.

*The three most common title defects are liens (33%), mortgages (19%), and typographical corrections (17%).

*Unlike other forms of insurance, a policy of title insurance requires only one premium to keep you property fully protected for as long as you own it.

* Condominiums are protected by title insurance just like a single-family dwelling. A policy is issued for each condo unit.