The development of partnerships in the real estate business is crucial. You expand your close, personal network whenever you create a new relationship. This network gives you access to an increased number of potential buyers, sellers, and investors. Establishing a partnership also gives you access to a product or service others may not have. This access could give you the edge you need to close a deal quickly and grow your business opportunities.
We all know buyers and sellers can easily be unnerved during the transaction. When you build a relationship with an escrow partner, you are putting together a process that ensures there are no hiccups in a transaction way before the purchase agreement is even signed. Developing a smooth and seamless process will give you a long list of satisfied clients. Having any partner is not enough; you must choose the right partner. Here are a few things to consider when you begin the search for an Omaha title company to become your next escrow partner.
Are there experts on Staff?
Everyone wants to work with the best of the best. Knowing which title company has the highest level of expertise may take some time on your part. However, those efforts will quickly pay off once you have found them and can put a partnership in place. You will know that your clients will have high-level experts working for them. Any issues will be identified and addressed quickly. Important details will not be overlooked leaving a potential risk for your client. This will ensure there are no issues when you finally get to the closing table. Your professional reputation will be protected and boosted by aligning with these experts.
How are their customer service skills?
Have you ever heard someone say that they visited a doctor, and their bedside manner was terrible? This happens all too often, and not just in the medical field. Some experts have an incredible depth of knowledge but do not have the skills to communicate effectively. When people are paying for a service, they like to feel like they are being well taken care of. It is equally essential for a potential title company to have excellent customer service skills as it is expertise.
Could they give you a dedicated resource?
One of the main benefits of creating a partnership in any business is that you have a direct relationship with another organization. Developing this closer relationship can drastically reduce the time it takes for you to get someone up to speed on your processes. It allows you to get into a consistent and easily understood flow. When you work with multiple companies, you will have many people to interact with daily. This will require a lot of your time to ensure they all know the services you and your clients need. It’s a good idea to ask for a dedicated resource when you begin to build a partnership. Without this partnership, you may have a new person each time you get to a closing.
Which services do they offer?
Your real estate business may focus solely on residential or commercial properties. In the future, you may decide to expand your offerings into another space. Knowing that your Omaha title company can grow with you makes that decision easier for you. Choosing a company that can do residential, commercial, new construction, and other add-on services will allow for a long relationship that can grow with you. If you choose a company specific to only one space, you will likely have to end that relationship if your future plans change. Accommodating for this potential growth now opens plenty of doors for expansion.
Do you like them?
Relationships are tricky. You may have found a company that checks all the boxes. They have the best resources, their customer service skills are spot on, and they have plenty to offer. Like dating apps, what happens when you meet them determines your future partnership. Perhaps you do not have personalities that align, or you have different goals for your business. To some people, liking a person or company is a requirement to work with one another. Others look at business as simply business. You do not have to like a person to do good business together. Hopefully, that initial meeting creates a long-lasting relationship that takes you both well into the future, whether you like one another or not!
Having business partnerships will make your life easier. It will also allow you to grow your business in conjunction with your partner. A company like Trustworthy Title makes an excellent partner. They have well-rounded expertise in-house, along with a dedicated team. Their focus on customers and comprehensive services are ideal for your future growth potential. Contact them today to shorten your search for the perfect escrow partner.