Posts

Showing posts from 2019

How to Pick Your Battles After a Home Inspection

Image
Congratulations! You found a wonderful home, and the sellers have accepted your offer. One of the next important steps in your home buying process will be scheduling a home inspection. Home inspectors go into great detail about every flaw and potential issue they find in the home so that you know what you're getting into and can negotiate repairs with the seller. 
As the best title company at the Lake of the Ozarks, Arrowhead Title has a team of real estate transaction experts that know inspection reports can seem intimidating. Your perfect home can suddenly seem like a dump as you look through descriptions and sometimes even pictures of stains, damage, and potential safety risks in the home. Read on to learn how to navigate your inspection report so you know which repairs to fight for, and which are better to do on your own once the sale is final.


Structural Issues vs. Aesthetics
Some loan agencies require that all structural concerns be addressed before they will release the mo…

What Steps Should You Take After You Sell Your Home?

Image
Congratulations, you've sold your home! Now what?

There are a few more steps you will want to take to help ensure a smooth transition. As experts in real estate transactions at the Lake of the Ozarks, Arrowhead Title is here to help! We have several important steps to share with you on what to do after you've signed the papers to sell your home. Read on to learn more, and give us a call to ask any questions you may have.


Cancel Home Insurance
Call your home insurance agent and cancel the policy on your previous home. Even if you've used the same agent for your new home, they will need an official cancellation for your previous home owner's policy. You may have a pro-rated amount returned to you as well.
Closing Escrow
Your escrow account on your old home will likely have an amount remaining in it. 15-30 business days after your payoff date, these funds should be refunded to you. We are escrow experts at the Lake of the Ozarks, so give us a call if you're wondering …

3 Tips on How to Choose a Great Closing Date!

Image
If you have the option to choose your closing date, there are a few things you’ll want to take into consideration first. As the best real estate closing company at the Lake of the Ozarks, Arrowhead Title has important tips to help you navigate the closing date selection process. Give our experts a call with any questions you have about your closing – we are happy to help!

How Long Between the Offer Date and the Closing Date?
Buying a home requires a very different process than any other kind of purchase. From the time your offer is accepted, it can take 4-6 weeks to officially close on your home. Sometimes it can take even longer if title issues arise. (Get title insurance through Arrowhead Title to help protect against these!) This is because the underwriting and title search processes have to be very thorough. These extensive searches help uncover any issues that may arise for the lenders on your credit or for you on your title.

Give yourself at least 30 days from the offer date …

Title Reports: What They Are and Why You Need One

Image
Buying a home can be a confusing and intimidating process. Arrowhead Title is here to calm your fears and help you through some of the more complicated aspects. We are the best title company at the Lake of the Ozarks, and our experts are always happy to help wade through the legal jargon you may find in the documents involved in your home purchase.

One of those documents is the title report. Many people aren’t aware of how important this report is to the purchase of your home. Today’s blog is going to cover the basics of a title report and why you will be happy you hired Arrowhead Title for your search.


What is a Title Report? A title report is a document that includes the legal history about the home you want to buy. Sometimes it is called an “abstract of title” instead, but they are the same document.

Title reports are compiled by your title company (that’s us!) from an in-depth search of public records. We will search using multiple different factors in order to ensure we have …

Make the Most of Summer’s End at the Lake of the Ozarks!

Image
Fall is knocking at our door, but that doesn’t mean it’s time to start hibernating just yet. Finish out your summer with several great events going on around the Lake of the Ozarks through the rest of September. Arrowhead Title has put together a list of some spectacular events taking place by area, so, get out there and enjoy all the Lake has to offer near you!
LAKE-WIDE13th Annual Lake of the Ozarks Bikefest September 11th-15th

Going on now! Bikefest is a Lake-wide event including area bars, restaurants, parties, vendors, and concerts. You may even be the lucky winner of a custom Harley Davidson motorcycle!

http://www.lakebikefest.com

NORTHWonderland Camp 50th Anniversary Open House September 14th, 11:00am – 4:00pm

Wonderland Camp
18591 Miller Circle
Rocky Mount MO 65072

Wonderland Camp is celebrating its 50th anniversary! The open house will include food, beverages, tours, and live music.

http://www.wonderlandcamp.org

Lake of the Ozarks Wingfest September 25th, 5:00pm – 7:00pm 
Re…

Are You Ready to Buy a Home? Review These 3 Crucial Tips to Find Out!

Image
Are you a first time home buyer at the Lake of the Ozarks? The process is exciting and well worth the effort when you can finally relax in your very own home - and paint the walls! But it can also be intimidating if you haven't been through it before. As experts in the title industry, we have several tips on what you need to know before buying a home at the Lake of the Ozarks. If we can answer ANY questions about purchasing a home at the Lake of the Ozarks, please give us a call. 😊




Evaluate Your Finances 
Explore your finance options first if possible. 
Buying a home is a huge investment; we all know this. But what you might not realize is how much you will want to have prepared upfront. A standard down payment is typically 20% of the purchase price. That means if you're buying a home for $180,000, then your down payment will probably be $36,000.  There are certain kinds of home loans that will allow you to put down a smaller amount - in some cases as low as 3%! If you are a…

Choose the Best Title Company at the Lake of the Ozarks!

Image
When you choose a Lake of the Ozarks title company to handle your real estate transaction, it's critical that you choose a company you can trust. Arrowhead Title is proud to be an established, reliable title company here at the Lake and we are honored to help buyers and sellers alike with all of their real estate transactions. Check out some of the reasons why Arrowhead Title, Inc. has earned the reputation of being the best title company at the Lake of the Ozarks.


Dynamic Solutions To Your Real Estate NeedsAt Arrowhead Title, Inc., we recognize that no two real estate transactions are alike. The financial situations of both the buyers and the sellers, any outstanding liens against the properties in question, and the unique challenges involved in both residential and commercial real estate make a for a totally unique situation with every new transaction we manage. We enjoy the challenge of developing dynamic solutions to meet all of our clients' specific needs. There is nothing…

The Basic Steps of Closing a Real Estate Transaction

Image
Whether it's your first or fifth time buying or selling a home, it's not a process that you go through on a daily basis. The real estate transaction can be a slippery slope to understand, especially since no two transactions are exactly alike. While there may be many differences in transactions, there typically is still a general process of basic steps to closing a real estate sale. In this week's blog, we at Arrowhead Title are sharing some of the basic steps of closing to give you an idea of what to expect.


Starting the Process
A sales contract is signed by the buyer and seller and delivered to the closing agent, usually with a deposit check. The escrow is accepted by the escrow agent, often by written notation on the contract. The escrow agent starts the closing process by opening a title order. The file begins to be processed. Tax information, loan payoffs, survey (if necessary), homeowner/maintenance fees, inspections/reports, and hazard and other insurances, as well a…

It's Shootout Time!

Image
The Lake of the Ozarks is THE place to be during the summer! Our wonderful community offers so much in the way of family friendly entertainment. One of the great annual events that we at Arrowhead Title look forward to every year is the Annual Lake of the Ozarks Shootout! Check out all the details of this spectacular week long event right here!


2019 Lake of the Ozarks Shootout  Schedule of Events
FRIDAY, AUGUST 16, 2019
Advantage Marine and Captain’s Choice “Run What ya Brung” Poker Run. Proceeds to Jessica & Malachi Brazil Foundation & Shootout Charities
WHEN: Friday, Aug. 16, 2019, 10 a.m. - 6 p.m.
WHERE:
• Pre-Registration, Thursday, August 15, from 4 - 7 p.m. at Advantage Marine.
• Participating Locations, see www.lakeoftheozarksshootout.org
• Final Stop: Backwater Jack’s

FRIDAY, AUGUST 16, 2019
6:00 p.m. - Mini Shootout Meet and Greet Location at Bridal cave, Friday from 5 to 8, registration, live music, cave tours and more.

SATURDAY, AUGUST 17, 2019
9:00 a.m. - 5:00 p.m. Ha H…

Is Your Property's Title Valid?

Image
Imagine going through the whole process of buying a home, moving and settling in, and then finding out a year down the road that you don't actually own the home due to an improperly filed titling issue. How could you have known or avoided such a mishap? Everything seemed so clear and smooth during the closing process. But then someone asks if you had a title search done or purchased title insurance, and you slowly blink in response. And this is where it all begins to make sense... this is why you shouldn't have declined title insurance.


While some may feel like title insurance is an unnecessary expense, the one-time upfront cost of coverage can be the one thing that can save your property rights in the event of a dispute or titling error. The peace of mind alone is worth it! So how does a title company determine whether a title is valid? This week, we're sharing with you some of the things we look for and the steps we take to ensure a clean title.

What Do We Look For?
One o…

What is “Chain of Title” and How Does it Protect Your Investment?

Image
Title insurance protects property owners' right to use and occupy their land.  For some homes and/or properties, the title can be limited by rights and claims asserted by other individuals.  If someone else brings a claim against your property, your ability to use and enjoy the land may be reduced and/or you may suffer great financial loss.  That's where title insurance comes in.

Title insurance is your first line of defense against these potential hazards.  Property is often the biggest investment most people make in their lifetimes, and it is crucial to protect this investment with title insurance.
Title Insurance Focuses on Risk Prevention Whereas other forms of insurance guard against risks by assisting you after an incident occurs, title insurance manages your risks by focusing on preventing risks BEFORE they occur.  In order to do this, title insurance companies rely heavily on something that is known as "chain of title."
What is "Chain of Title"? Chai…

Reasons a Title Search is so Important When Buying Property

Image
We talk frequently about the multitude of tasks and details that must be attended to during the process of buying real estate at the Lake of the Ozarks. We frequently mention the title search as a part of this process, but we realize that many of our readers may not have a clear, accurate understanding of the title search and how it relates to the overall real estate process. This week, we're delving deeper into the title search and the important role it plays in the process of buying property in Camden County, MO (or anywhere else, for that matter).
The Title Search - An Overview Before a home can be sold, a title search must be performed. When conducting a title search, our team carefully combs through a variety of documents and public records in search of important information that may apply to the title in question. These may include (but aren't necessarily limited to) records by surveyors, tax assessors, recorders of deeds, and county courts. Title searches serve two pri…