Showing posts from June, 2021

Common Causes for Delays in Closing and Ways to Avoid Them

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.   Do not change jobs, and make s

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

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

Buying a new home is one of the most exciting experiences in most homeowners’ lives, and the last thing you want to think about is cyber security.  But when you consider 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 a 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 move 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 crimina

Mistakes to Avoid When Selling Your Home

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 buyer.   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 objec