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Showing posts from 2021

What does a title company do? A break down of the the closing process.

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Everything regarding a real estate transaction comes together in one place at the closing table.  Your title company is who coordinates and oversees that coming together and makes sure every i has been dotted and every t has been crossed.  They also make sure everyone is paid and all documents are properly recorded.  That is why choosing a title company at Lake of the Ozarks is an especially important part of the home buying process. Title Search and Title Report. The whole process starts when a buyer and seller have a signed contract brought to the title company.   Right away, the title company will start issuing orders for obtaining specific information regarding taxes, loans, surveys, HOA fees, inspections, etc. and will order a title search. A title search is conducted to discover any issues that could affect the buyers right to ownership.   This is when legal ownership is verified and any debts against the property are examined. The documents that are involved could include

Title Fraud and Cyber Security

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Buying a new home is one of the most exiting experiences in most homeowners’ lives, and last thing you want to think about is cyber security.  But when you consider about how much personal and financial information you share in the process of the transaction, and the amount of money being transferred, cyber security needs to be top of mind … especially when choosing at title company at the Lake of the Ozarks . For years, title companies have been responding to consumer demands for easier, faster, less cumbersome transactions.   With technology, we can communicate faster, have fewer human errors and more towards paperless closings including the use of E-closings and online notarization. But these conveniences come with certain risks due to the sensitive information that is shared digitally.   In fact, wire fraud and other email hacking schemes seem to be the biggest threats in real estate transactions today. Identity theft. How does home title fraud work?   One way is that a crimi

Mistakes to Avoid When Selling Your Home (part1)

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At Arrowhead Title, we have a close relationship with numerous local Realtors and we know a thing or two about the challenges of buying and selling houses at the Lake of the Ozarks . The better prepared you are for the sale, the quicker you can get to the closing table, and we are here to help.  Today, we thought we would share some insight on what to avoid when selling your home, part 1.  Mindset and Emotion. The hardest thing about selling your home is the emotional and mental toll it takes to get through the process.   You have a lot of time, money, and memories invested in your home and it has more than monetary value to you.   But not so much for the seller.   The buyer is not looking to connect with the seller’s vision of the house, but rather to visualize themselves in the house.   You are selling a lifestyle, not just a commodity.   But you are selling something, so you should have the perspective of a businessperson or salesperson.   Your mindset must be ready to hear obje

9 Things to do After Closing on Your New Home

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Besides updating your address with your financial institutions, doctors, work, etc., and transferring utilities and subscriptions to your new address, there are a few other things you should do after closing on your home at the Lake of the Ozarks that can easily be overlooked.   We wanted to make it easy for you with 9 helpful tips. 1) Test smoke and carbon monoxide detectors. You rely on them to alert us if something goes wrong, so making sure they are in working order only makes sense. 2) Check water heater. You may find the hot water temperature has been decreased while the home was not in use. Water temperature and pressure can be adjusted on your hot water heater, so you will want to adjust those to suit your preferences.   It is also recommended to drain the water tank annually to remove sediment, and now is a good time to do that and start fresh. 3) HVAC maintenance. It is a good habit to have your HVAC system inspected twice a year and tuned up every 2-3 years.   G

Appraisal v. Inspection … it’s AND not OR

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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 of the home, the size o

7 Exciting Events Happening at the Lake This Weekend!

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 At Arrowhead Title, we see the joyful faces of countless people as they achieve their dream of purchasing a home at the Lake of the Ozarks .  We totally get it too!  We LOVE living at the lake!  Partly because there is so much to do and see here.  We thought you would be interested in the exciting events happening at Lake of the Ozarks  this weekend… starting tonight! 5/14 - Hot Summer Nights https://bit.ly/3tO94tV This car show is a local favorite featuring motorcycles, cars, and trucks of all ages, makes, and models. The theme this year is “A Slice of Americana” and the Strip will be transformed into a scene of pure nostalgia as classic vehicles line the Strip and take turns cruising.   Admission is free – for spectators and participants!   5/14 – In Water Boat Show https://bit.ly/2Rbi9Qh If you have never been to an in-water boat show this is one you should not miss.   There will be vendors with all the latest and greatest marine and safety products.   Watercraft of a

How Arrowhead Title can Help you Close Confidently!

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Buying real estate at the Lake of the Ozarks is a large financial decision, and one that should be done with the utmost care. After all, you want your investment to be assured and protected, right? One way to guarantee your property rights are protected is to utilize a reputable title company at the Lake of the Ozarks . They'll take the steps needed to uncover any hidden hazards that could threaten your ownerships rights before the final purchase. Protecting Your Ownership Rights Your financial future is on the line when you purchase real estate at the Lake of the Ozarks, and it is our job at Arrowhead Title to ward off any potential hazards that could threaten your right to use and occupy your property after closing. Believe it or not, there are actually several things that can threaten new property owners. Here are a few examples: If his/her signature was not obtained at closing, the ex-spouse of the seller could express ownership rights over the property. An unknown will could

Ways to Ease the Process of Buying a Lake Home

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Buying a home at the Lake of the Ozarks is a large step, but an exciting one, nonetheless. Plus, once it all comes to fruition, you’ll be leisurely enjoying your days in a brand-new Lake Home! The process can be difficult at times, leading to stress and uncertainty, but with the right team of people backing your transaction and helping you navigate the market at the Lake, it can be made simple. In this week’s blog, the best title agency at the Lake of the Ozarks , Arrowhead Title , is here to provide some insights that can help ease the homebuying process here. Consider Getting Prequalified Buying a home is a huge investment! So being diligent in accounting for your finances is key to beginning any home buying process. You’ll have more than just the listing price to consider. Down payment, realtor fees, mortgage lending fees, inspections, and other closing costs. One easy way to keep track of these fees is to speak to a mortgage lender at the Lake of the Ozarks. They are familiar

5 Items that can Cause Closing Delays

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As the best title company at the Lake of the Ozarks , Arrowhead Title has experience in handling every type of real estate transaction imaginable. One of the most important factors for many of our clients is when they can expect their closing to take place. The closing date should be as accurate and timely as possible ensure a satisfactory experience for both the buyers and the sellers. In this week's blog, Arrowhead Title is giving you the top 5 items that cause closings to be delayed, so that you know what to be aware of to ensure your closing goes off without a hitch.  1) An Aggressive Timeline After you've found the home you can't live without and make an offer it's time to pick the closing date. If you're not as experienced with buying or selling homes, this date may seem far out. However, there are many things that go on behind the scenes to ensure that the home is clear and sound, as well as securing your ownership rights. It's essential when picking a c

4 Tips to help Select the Best Title Company

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When buying real estate at the Lake of the Ozarks , you'll typically have your choice of title company to handle your transaction. They will play an integral role in your closing process, so ensuring that you select the best one is important. At Arrowhead Title, we strive to provide the best title services at the Lake of the Ozarks , and are considered to be one of the best. In this week's blog, we're going to be discussing a few tips that will help your decision making process when choosing a title company. Read on to learn more! Your title company will be intimately involved with your transaction real estate transaction. The title company is responsible for: Conducting a title search to make sure your title is free and clear prior to transfer Issuing a title policy to protect your right to use and occupy your land Preparing the title and deed Facilitating the final transaction to ensure that all debts are paid and that the remaining funds are distributed to the appropriat

What’s Right for Me, Owners & Encumbrance or Full Title Search?

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  Are you thinking of purchasing a home at the Lake of the Ozarks ? If so, you may be faced with the decision of a title report (also known as owners & encumbrance) or getting a full title search with title insurance. Buying a home has many intricacies, some of which can come with unexpected fees if you’re not prepared. In this week’s blog, the best title company at the Lake of the Ozarks , Arrowhead Title, is going to share a little information to help you decide which route is best for you. Obtaining a owners & encumbrance report or a full title search. Read on to learn more! Understanding the Difference When buying a new home, knowledge about the property is one of the most valuable things you can have BEFORE the purchase. You may find yourself with the option of choosing a owners & encumbrance report (aka title report) or getting a full title search. In order to know which is best for your buying situation, it’s necessary to understand both terms and what they provi