Arrowhead Title, Inc.

For those who are not in the real estate industry, real estate closings aren’t something you do very often. As a result, many people are not familiar with exactly what title insurance is, how it works, and why they need it. They just know it’s a necessary step in order to close on their new house. But there are very important reasons why title insurance is required. In this week's blog, we wanted to talk about three common myths regarding title insurance and share the truth with you so you can make an informed decision. At our title agency at Lake Ozark , we believe in clear communication and educating our clients. We know it is not worth taking any chances when it comes to your real estate closing. So, if you would like to learn the truth regarding some common misconceptions surrounding title insurance, just keep reading. Myth #1 - If my title search comes back clean, I really don’t need title insurance. Our title agents at Lake of the Ozarks are extremely skilled in conducting t...

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...

Whether you are moving to the Lake of the Ozarks from someplace else, or have lived here all your life, closing on a new house at Lake the Ozarks is the beginning of a new adventure. There are so many things that make the quality of life here exceptional. As a title company in Lake Ozark , we know you will be excited to move into your new home and start making it your own. As you get settled in, there are a few things that are easy to overlook, but quite important for you to do. At Arrowhead Title we care about your safety, and we want your experience in your new home to be wonderful. So, if you would like to hear a few simple things that are important to do after your real estate closing at Lake of the Ozarks , we have them right here for you in this blog. Smoke and Carbon Monoxide Detectors Carbon monoxide poisoning accidents and house fires occur more in the fall and winter when people are using their furnaces. Smoke and carbon monoxide detectors save lives, there is no doubt, an...

Whether you’ve been dreaming of living in the lake for years, or just discovered Lake of the Ozarks and decided you have to live here, when you make the decision that it’s finally time to move to Lake of the Ozarks it is an exciting time. Since starting Arrowhead Title in 1984, we have helped a lot of people through their real estate closing at Lake of the Ozarks , and have witnessed the joy of each one of them receiving the keys to their new lake home! Over the years we’ve learned some things about how to make the process easier. So if you’re thinking about buying a home in the area and would like to learn more about the process, this blog will explain how to prepare yourself for making that purchase. Have a realistic budget Knowing what you can afford in a home includes more than just the mortgage payment. Once you are a homeowner you will have to be prepared to pay for things like homeowners insurance, maintenance, real estate taxes, etc. You also should have an emergency fund in ...

Some people think that appraisals and inspections are pretty much the same. However, the purpose of each is different. At Arrowhead Title , we know both serve a critical purpose to your real estate closing. Appraisals are focused on determining the value of your home at Lake of the Ozarks . Your lender must know that the property you’re buying is worth what they are loaning you. The home inspection is for the purpose of determining the condition of the home. That is something every buyer needs to know before making such a big investment. The inspector is looking for things like major problems with the house or anything that could be a dealbreaker if you knew about them, including health and safety hazards. If you’d like to understand how appraisals and home inspections at Lake of the Ozarks work, keep reading. This blog will explain.  Appraisals Appraisals are focused on the value of the home. As mentioned, your lender needs to know that the home is worth what they are loaning you...

Sometimes in the process of a title search, title clouds may be discovered. A title cloud is when there may be a question or doubt regarding the seller's property ownership rights. If the seller's right to own the property is not clear, the seller may not have full legal authority to sell the property or transfer ownership to you. When we take care of a real estate closing at Lake of the Ozarks for our clients, we are not just there to make sure one party gets paid and the other party receives keys to the house. We are responsible for ensuring the legal ownership of the property and transferring the complete ownership of that property from the seller to the buyer. Many title clouds are correctable; however, some are not. If you are curious about title clouds and what to do about them, we have answers for you in this blog. Clouds Title clouds can also be referred to as title defects. Technically, the title to your house is what actually proves the legal right of the homeowner t...

Arrowhead Title understands that not everyone has experienced a real estate transaction before. We have been conducting real estate closings at Lake of the Ozarks since 1984 as a title company in Lake Ozark , and over the years we realize some people aren’t expecting certain costs associated with their real estate closing. As a title agency at Lake of the Ozarks , we are very dedicated to communicating with our clients so they don’t have to worry about surprises. We wrote today’s blog to let you know some of the common costs associated with real estate closings. If you would like to know what to be prepared for financially when buying a home at Lake of the Ozarks , we invite you to read this blog! Expenses Related to the Property Obviously, with a transaction of this size, it is essential that you know you’re getting what you think you’re buying. Both you and the bank will want to protect your property ownership rights with a title search and title insurance. The bank also needs to k...