Choosing a Title & Escrow Company in Hawaii: Your Comprehensive Guide

Owning a slice of heaven in Hawaii is a dream for many, and finding the ideal property is just the beginning. To successfully close the deal, you need to navigate the escrow process, which involves selecting a reliable title and escrow company. In this comprehensive guide, we'll provide expert tips and insights to help you choose the right company for your Hawaii real estate transaction.

Understanding the Importance of a Title Company

When purchasing real estate in Hawaii or anywhere else, it's crucial to ensure that the seller has a clear claim to the property. This is where a title company comes in. The title agent conducts thorough research on the property's title history to confirm its clarity. They check for any defects, liens, judgments, or encumbrances that might affect the property's ownership. Having a clean title safeguards your investment and protects you from potential legal disputes in the future.

The Role of Escrow Services

Escrow services play a vital role in the closing process. Once you've signed the purchase contract, escrow is opened, and the escrow officer contacts both parties to initiate the transaction. As the buyer, you'll be required to deposit earnest money into the escrow account held by the title and escrow company. The escrow officer will also collect invoices for expenses like appraisals, property inspections, and surveys, ensuring that these are settled at closing.

Selecting the Right Title and Escrow Company in Hawaii

In Hawaii, the seller typically has the leverage to choose the title and escrow company during contract negotiations. If you have a preference as a buyer, it's essential to communicate this to your real estate agent. Below, we'll highlight some reputable title and escrow companies in Hawaii that you may consider:

1. Title Guaranty of Hawaii

Title Guaranty of Hawaii is one of the most recognized title and escrow companies on the islands. With numerous branch locations across Hawaii, including Kahului, Lahaina, and Wailea on Maui, they have a long-standing reputation for speed and accuracy in real estate transactions. Established in 1896 and family-owned, they have extensive experience serving individuals, real estate agents, developers, lenders, and others involved in Hawaii real estate.  Three of my absolute favorite escrow officers on Maui work for this company.  Tamara Cabanilla-Aricayos in the Wailea area and Teri Ferreira in the Kahului area, and Twlya Kukahiko in the Lahaina area. With a backing of professionals in the Title search departmens as well, this is my humble recommendation for a complete closing experience.  

2. Fidelity National Title

Fidelity National Title is among the oldest and most well-established title and escrow companies in the United States. With offices throughout Hawaii, including Kahului, Upcountry, Lahaina, and Wailea, they have maintained a strong reputation for excellent customer service, efficiency, and accuracy. As a Fortune 500 company, they adhere to the highest standards and provide extensive resources for buyers, sellers, real estate professionals, attorneys, and others.

3. First Hawaii Title

First Hawaii Title, with locations in Kihei and Kailua Kona, has built lasting relationships with real estate professionals. They embrace technology and innovation through their partnership with NexTitle while maintaining high standards of accountability, attention to detail, and accuracy. Their website provides valuable resources, including a home process guidebook, cost estimating sheets, and a video library.

4. Old Republic Title

With an office in Lahaina, Old Republic Title is a nationally recognized company that has been protecting property rights for over a century. Their conservative approach to financial management and commitment to staying informed about industry changes make them a reliable choice. They serve individuals, businesses, and government transactions, and their underwriters include American Guaranty Title Insurance Company and Old Republic National Title Insurance Company.

5. Ho'okele Title and Escrow

Located in the Wailea Town Center in Kihei, Ho'okele Title and Escrow provides a range of services beyond transactions. While they offer attentive service and utilize advanced technology, it is our humble opinion, based on years of experience, that you may consider choosing one of the other companies due to their unique title search methods. This is not to say anything negative about Ho'okele Title and Escrow, but we prioritize recommending companies with proven track records and exceptional expertise in the field.

Making the Right Choice for a Smooth Closing

When choosing a title and escrow company in Hawaii, it's essential to consider their reputation, experience, services offered, and their ability to meet your specific needs. Collaborating with a trusted and competent company will ensure a smooth closing process and provide peace of mind throughout the transaction.

By following this comprehensive guide, you'll be equipped with the knowledge and insights to select the best title and escrow company in Hawaii for your real estate venture. Make an informed choice and embark on your journey to owning your own piece of paradise in the Aloha State.