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[+] First Merit Settlement Services, Inc...... - Matt Papsch/MD (4 replies)
10/31/2005 4:02:57 PM (2996 views)

[+] You mean I have to pay for it?? - Robert Franco/OH (16 replies)
10/31/2005 1:25:11 PM (2688 views)

[+] Red Vision article on SOT - Donna Grady/NC (23 replies)
10/30/2005 1:05:13 AM (3060 views)

[+] TO JASON SHEPPARD - Scott Perry/PA (19 replies)
10/29/2005 12:25:52 PM (2907 views)

[+] e-mail solicitation - christine/MA (3 replies)
10/28/2005 2:40:31 PM (2646 views)


Real Title Services


[+] QUESTION FOR F. LEE... - Scott Perry/PA (4 replies)
10/27/2005 5:28:13 PM (2622 views)

[+] C2C - Smitty Strickland/SC (6 replies)
10/27/2005 5:02:32 PM (2730 views)

[+] The Future of the Industry - Robert Franco/OH (30 replies)
10/27/2005 3:04:25 PM (3045 views)

[+] Electronic storage - Deborah Manion/VA (7 replies)
10/27/2005 9:58:43 AM (2620 views)

[-] Starting your own business - Angela Glass/MD (7 replies)
10/25/2005 8:49:48 PM (2795 views)
Re: Starting your own business - Jay Duncan/MO
10/25/2005 9:10:51 PM (5334 views)
Re: Starting your own business - Loretta Reed/MD
10/26/2005 8:18:36 AM (4029 views)
Re: Starting your own business - Angela Glass/MD
10/26/2005 9:05:53 AM (3847 views)
Re: Starting your own business - Kevin Ahern/CT
10/26/2005 11:24:06 AM (3906 views)

If you are already doing home improvements, why not look into pre-sale home inspections for sale of real estate. You probably are already well positioned to enter this field.

You can also look into appraisals. The state usually requires you to complete some course work in order to get a license, and you may have to intern with a senior appraiser for a short while. Between the course work and internship you should be be well trained in a relatively short period of time (6 months to 1 year). The liability is less, but you should carry e&o insurance for it. The money is also better than abstracting fees. During the internship you will probably have to share/divide the fee for appraisals with the senior appraiser, but that is the cost of an education.

You could also look into notary closings. It is my understanding that Maryland requires licencing as a title producer. However, after you do what is necessary to get the license (training) you will find that the money is also better than abstracting fees.

In so far as abstracting is concerned, the comments of the above abstractors are all true. This is not a particularly good time to enter the field of abstracting. It requires a lot of travel time, and the price of gasoline is through the roof. The only searches that any one seems to want anymore are current owner searches. These fees for these range anywhere between $35.00 to $65.00 depending on your location. You will be in fierce cut throat competition with the more experienced abstractors in order to get business in the door, and there is the constant pressure of the vendor managers on you to reduce your prices. As many of the abstractors on this board have commented, it seems to be one of the few occupations in which the price of a title search has not risen in about the past 5 to 10 years. If anything the prices are declining, and many abstractors are either expanding the services they offer or getting out of the business entirely.

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Re: Starting your own business - Kurt deVries/FL
10/26/2005 3:40:05 PM (3891 views)
Re: Starting your own business - george Hubka/MI
10/27/2005 8:31:07 PM (3874 views)
Re: Starting your own business - Kurt deVries/FL
10/28/2005 11:26:19 AM (3849 views)

[+] Passing... - Jay Duncan/MO (2 replies)
10/24/2005 3:24:08 PM (2757 views)

[+] Abstractors Aid In New Orleans' Recovery - Jarrod Clabaugh/OH (2 replies)
10/24/2005 10:19:12 AM (3726 views)

[+] Hey Kurt! - J Nisonger/CA (3 replies)
10/24/2005 12:06:20 AM (2738 views)

[+] Whine, whine, whine... - Jay Duncan/MO (6 replies)
10/23/2005 10:43:57 PM (3899 views)

[+] Here we go again!! - Kurt deVries/FL (4 replies)
10/21/2005 3:38:08 PM (2853 views)


<< get older messagesget newer messages >>

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