Igor it is practice for the buyer to select there title company. Ask your agent to assist you with three company to choose from. Second the title company usually offer esrow service and that would be the better way to go. First time buyer should take avantage of all the programs offer at this time. I will recommend a home inspections even if the property is selling as is condition. It is wise to save as much funds as possible toward your purchase. In this market we are face with a lot of short sale dont run away from them, there is a lot of good deal you just have to wait it out. I hope this was helpful for you.

Juliet Douglas
Realtor

Get out of the way, and let the real estate agents handle it.
Typically, the listing agent will order a preliminary title report from A Title Company, who is really a Perfectly Fine Title Company. Sometimes, the LA will specify the Escrow Company, sometimes your agent.
All of this will because they have existing relationships with these companies; as a result - they are more important customers than you can ever be.
So, if there's a problem, they can get to the head of the line - they represent ten or twenty or more transactions a year to the firm - whereas, if you pick the title / escrow companies, and there's a problem, you're really not all that important to them in the grand scheme of things.

Typically, in the DC Metro area the buyers agent holds the funds in their brokers account. If for some reason that does not make you feel comfortable most Settlement offices will also hold funds thought you might want to contact perspective offices first.

Hope that helps.

In order to submit an executed contract to title company needs to registered, and escrow account opened at their location. Title company oversees terms & conditions for executed sale purchase agreement. Your buyers agent should be working thru this with you. During option period you need to complete all your requirements for inspection, appraisal and etc.
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