Arrowhead Title, Inc.

There are a lot of moving parts that must come together to complete a real estate transaction. Some can be quite complex and if everything doesn’t fall together as it should, your real estate closing date can be delayed. After you have a signed contract, you will have an appraisal done, you will have an inspection done, there will be a title search, and you will get a mortgage commitment from your bank. If those don’t come through as expected, delays may result. If the seller has contingencies, that can affect your closing date as well. When you hire an experienced title company at Lake of the Ozarks , they should be in touch with you throughout the entire process and let you know if anything occurs that could affect your closing date.  Repairs and Contingencies It is possible that during the inspection, things will be found in the house that may need to be repaired before closing. If it is not feasible to get those repairs completed before the closing date, then the date will be p...

  A real estate closing is a complicated transaction involving many different factors that have to all come together seamlessly.   Once a closing date is decided, the expectations are set for the buyer and seller.   But a closing date is not an absolute, it is a target.   Between the time you sign a contract and the time you close, there will be the inspection, the appraisal, and the mortgage commitment from the lender.   There may also be contingencies in the contract.   Each one of those parts of the process can potentially create a delay or another action step that needs to be taken in order to close the real estate transaction. An experienced title company at Lake of the Ozarks will be very familiar with the closing process and potential delays and will be a great asset in determining a realistic closing date.   At Arrowhead Title , we know you are excited to close, and we also know there may be a lot of other things that depend on you closing o...

A real estate closing is an exciting experience, and everyone looks forward to it going smoothly and happening on the date planned.  But a closing date is a target date, not an absolute. There are many factors that must come together perfectly to make that happen and having an experienced real estate professional determine a realistic closing date can make all the difference.   Choosing a title company at the Lake of the Ozarks that is deeply familiar with the ins and outs of getting to the closing table on time is imperative. Even so, some delays in closing are not uncommon in the industry, and there are some things to keep in mind as you anticipate your closing date to help it happen on time.   Changes in finances since pre-approval. Changes in your financial situation can be a bigger deal than you think, and you will benefit by not making any changes after getting your pre-approval.   So don’t sign up for anything on credit, no matter how small.   D...

People sometimes wonder if they need a home inspection or an appraisal when buying a home because they think they are pretty much the same thing.  However, there are some important differences. An appraisal is about determining the value of your home .  It is something your lender wants so they know the property is worth what they are loaning you for it. An inspection is about determining the condition of the home and any existing or potential problems it may have.  So, while the appraisal is more for the bank’s purpose, an inspection is to educate the buyer about the condition of the home he/she is purchasing. Real estate appraisers abide by state established standards and licensing practices and have the background of experience to determine an accurate value of your home.  Several factors are considered in an appraisal.  The location of the home and the quality of schools, medical facilities, and other community features will affect appraisal value. The size...

Arrowhead Title is the best title agency at the Lake of the Ozarks , and we are experienced in every type of real estate transaction. Today we have some great information on why your closing date might have to be delayed. It's never fun to have to change plans at the last minute, so being prepared can help you avoid these common issues. Read on to learn more! 1) Aggressive Timeline Once you've made an offer on the house of your dreams and it has been accepted, then it is time to pick a closing date. If you are a first-time homebuyer, you may be surprised to find how far out this date can be. You have to make sure to provide enough time for the underwriters to request, receive, and review the materials they need. It is also important to allow inspectors and appraisers adequate time to perform the necessary inspections and report their findings. This timeframe can be about one and a half to two months depending on the details of the sale. Plan for issues to come up ...

When it comes to buying and selling real estate, closing a transaction isn't always cut and dry.  There typically tends to be at least a few small hiccups along the way.  As a buyer or seller, you may not see those hiccups because your lender, real estate agent, and title company at the Lake of the Ozarks are working on the back end to address the issues as quickly and painlessly as possible.  While these hiccups may not always be seen by you, they do happen.  Unfortunately, some problems that arise can cause delays in the closing process.  And while closing delays are not extremely common, they can still happen.   Whether you are in the process of buying or selling a home at the Lake of the Ozarks , or you are planning on buying or selling a home in the future, it is important that you understand that there CAN be delays in a real estate closing.  A common misconception that both buyers and sellers often have is that the closing date in a real e...