Happy Pi Day! What better day than Pi Day to remind homebuyers about all the hands in their “pie” so to speak when it comes to real estate closings.
It’s no surprise that everyone wants a piece of the proverbial pie, from the real estate agent’s commission to the lender’s fees to the government’s taxes and, yes, even the title company’s charges.
Having to share some of your pie is a fact of life. Having to give up all of your pie is a tragedy of life.
Just like homebuyers, we don’t like having to give up our entire pie. That’s why we have held firmly as an independent title company – we will not share our pie, or profits, with referral sources through Affiliated Business Arrangements or Marketing Service Agreements.
Not all title companies feel the way we do. They happily share their pie with their referral sources because they believe they can make it up by taking more pie from unassuming homebuyers. Unfortunately, they are often right.
Homebuyers who understand how much dough is at stake, however, are often surprised by the cost difference between one title company to the next. When made fully aware of these differences, most homebuyers choose to spend less.
With fewer hands in the pie, as our company founder Todd Ewing likes to say, there’s more pie for everybody. In this case it means a cost savings of up to $750 for our clients.
The cost savings we extend to our homebuyers is part of our revolutionary REAL Credit™ program, which reflects costs passed through to consumers who close with other, affiliated title companies. To date, the cost savings hovers above $8 million.
That’s a lot of pie.