Showing posts from July, 2020

Could Your House be Taken from Under You?

Buying a home is one of the largest investments that most people ever take on. It's an exciting time that requires a lot of planning, documentation, and research before the closing date. Once you've closed on your new home, it is officially yours! ... Or is it? If there was an issue filing the title during the closing process, then it could be possible that the property's title doesn't actually belong to you. That is where the best title company at the Lake of the Ozarks comes in - Arrowhead Title ! Purchasing title insurance may have helped prevent this issue from ever happening in the first place. Keep reading to learn how! The Title Search One of the first things we do to determine whether a title is clear or not is to complete a title search. A title search can verify whether or not the seller is the true owner of the property. It will also reveal if the title is clouded, has mortgage claims, title claims, liens, judgments, or anything else outstanding on

Escrow Service Questions Answered for the First-Time Home Buyer!

Arrowhead Title  is the  best title agency at the Lake of the Ozarks , and one of the reasons why is the great escrow services that we provide. As a first-time home buyer, you may not know exactly how escrow services work, or even what they are. That is why we are here for you! Keep reading to get the answers to common questions first time home buyers need to know about escrow services. What Are Escrow Services? Escrow settlement services help facilitate real estate transactions and are provided by your title company. (That's us!) During escrow settlement, your agent should provide the following services: Handling the deposit and disbursement of funds Calculating and adjusting the amounts due for taxes, insurance, rents, etc. Responding to the lender's requirements Securing a title insurance policy Obtaining approvals of reports  Processing and coordinating the documents Recording deed and loan documents Coordinating the signing of loan and closing document

Thinking About Selling? Get Ready with These Tips!

Selling a home can be a stressful time, but it is also a time when you have a lot of opportunity in front of you about what your new life is going to look like. If you are excited about starting a new chapter in a different home and thinking about selling your house at the Lake of the Ozarks , there are a few things that you should do to make sure it is ready to go on the market.  Arrowhead Title  has a few tips to help you get ready so that more potential home buyers are attracted to your home. Read on to learn some of our ideas on what it takes to sell a home, and call us with any questions you have about closing on your new home! Stage the House for Buyers  If you are still living in your home at the time of sale, this can be harder to do, but not impossible. Staging your home helps buyers envision the life they could have in your home. Since you want to appeal to the most amount of buyers possible, keep the furniture relatively neutral and only use bright colors or bold t

Is a 1031 Exchange Right for You?

Business owners and taxpayers who want to accomplish a wide range of business and/or investment objectives have several tax benefits that they may be eligible to take advantage of. One of those options is a 1031 Exchange . Through a 1031 exchange, real estate owners can defer capital gain taxes when they sell a business or investment property and use the proceeds of the sale to purchase another property ‘similar’ to the first. So, how does a 1031 exchange work and how could it benefit you? Take a look. What is a 1031 Exchange? A properly structured 1031 exchange allows an investor to sell a property, to reinvest the proceeds in a new property and to defer all capital gain taxes. IRC Section 1031 (a)(1) states: “No gain or loss shall be recognized on the exchange of real property held for productive use in a trade or business or for investment, if such real property is exchanged solely for real property of like-kind which is to be held either for productive use in a trade or bus

Is Now the Time to Buy? Find Out Here!

If you have been thinking about buying a home at the Lake of the Ozarks, you may be wondering if now is a good time to buy. Arrowhead Title is the best title agency at the Lake of the Ozarks , and we are here to help you answer that question today. While no one can tell you 100% whether or not it is right for you, we have some questions to help guide you to your right answer. Keep reading to learn more! How Long Will You Live There?  If you are thinking about buying a house, it's important to know that you should only do so if you plan on living there for at least five years. While some will recommend more or less time, five years is a good estimate to determine if your initial investment will have paid for itself by that time. Closing costs, lender fees, down payments... All of these amounts could significantly drain your accounts if you plan to move frequently. So, if the town you are living in truly is home sweet home, then it could be time for you to plant roots and bu