Showing posts from February, 2022

Inspections and Appraisals - What’s the Difference and Which Do You Need?

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. Th

Uncovering and Correcting Title Clouds

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

Preparing for Closing Costs - Knowing What to Expect

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

Things to Do with Your Sweetheart at Lake of the Ozarks!

There’s always something fun to do at the lake, and for couples, it can be the perfect Valentine’s Day destination! At Arrowhead Title , we have been helping people with real estate closings at Lake of the Ozarks since 1984, and we have a lot of insight as to why people love the lake and want to move here. For all the reasons the lake is a destination location … it is also a wonderful place to celebrate your love. If you are looking for a special place to spend Valentine’s Day with your sweetheart, we wanted to give you a few ideas on what to do to make it memorable! To hear about 5 things for couples to do at the Lake of the Ozarks, just keep reading.  1) Go Ice Skating Imagine gliding across an ice-skating rink with your significant other in a beautiful Ozark valley or sipping on some hot cocoa next to a crackling fire while watching happy people having fun! Even if you consider yourself less than a professional when it comes to ice skating, we have ways to make it easier for the be