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Showing posts with the label Closing Services

3 Tips on How to Choose a Great Closing Date!

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If you have the option to choose your closing date, there are a few things you’ll want to take into consideration first. As the best real estate closing company at the Lake of the Ozarks , Arrowhead Title has important tips to help you navigate the closing date selection process. Give our experts a call with any questions you have about your closing – we are happy to help! How Long Between the Offer Date and the Closing Date? Buying a home requires a very different process than any other kind of purchase. From the time your offer is accepted, it can take 4-6 weeks to officially close on your home. Sometimes it can take even longer if title issues arise. (Get title insurance through Arrowhead Title to help protect against these!) This is because the underwriting and title search processes have to be very thorough. These extensive searches help uncover any issues that may arise for the lenders on your credit or for you on your title. Give yourself at least 30 days from the offer...

The Basic Steps of Closing a Real Estate Transaction

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Whether it's your first or fifth time buying or selling a home, it's not a process that you go through on a daily basis. The real estate transaction can be a slippery slope to understand, especially since no two transactions are exactly alike. While there may be many differences in transactions, there typically is still a general process of basic steps to closing a real estate sale. In this week's blog, we at Arrowhead Title are sharing some of the basic steps of closing to give you an idea of what to expect. Starting the Process A sales contract is signed by the buyer and seller and delivered to the closing agent, usually with a deposit check. The escrow is accepted by the escrow agent, often by written notation on the contract. The escrow agent starts the closing process by opening a title order. The file begins to be processed. Tax information, loan payoffs, survey (if necessary), homeowner/maintenance fees, inspections/reports, and hazard and other insurances, as...

Closing Costs: What Are You Responsible For?

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Buying and selling real estate is a complicated transaction that requires careful attention and precision from every party involved. In addition to the funds being transferred as a result of the sale, there are multiple expenses that must be satisfied in order to complete the transaction. These expenses are commonly referred to as "closing costs."  Arrowhead Title, Inc.  is here to help you get a better understanding of closing costs and who is responsible for them. What Is Included In The Closing Costs? While the exact closing costs vary from transaction to transaction, here are a few examples of items that are commonly included in the closing costs: Loan origination fees Title insurance Survey fee Appraisal fee Property tax Underwriting fee Title search Homeowners association fees (if applicable) The dollar amount associated with the closing costs varies, but in general, buyers can expect to pay somewhere between 2.5% and 4% of the sale price. View our e...

What's Included in Your Closing Costs?

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When we talk about the costs of buying real estate at the Lake of the Ozarks , we talk about several different things. The home inspection, home appraisal, and earnest money are just a few examples. The other major expenses are lumped together in a broad category that is simply called "closing costs." It's important to recognize that the closing costs vary depending on your position in the transaction (whether or you are a buyer or a seller). Today, Arrowhead Title, Inc is here to explain the buyer's closing costs for you in simple, easy-to-understand terms. What Is Included In The Buyer's Closing Costs? The truth is that the closing costs encompass a wide variety of different fees and services. While the exact expenses will vary from transaction to transaction, there are many elements that are consistently included in these costs. Here is a quick overview of some of the common items that are typically included in the closing costs: Loan Origination Fee...

Residential Closing & Escrow Services

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Congratulations! After touring multiple houses, you and your family have finally found your perfect home. It has everything you've ever wanted - all the way down to the detailed backsplash behind the kitchen sink and the heater in the master bathroom. You've submitted an offer, the sellers accepted it, and you have agreed upon everything that will be included in the sale of the home. That's all there is to it... Right? Well, yes and no. That's all you, the buyer, need to do, but this is exactly where your trusted title company at the Lake of the Ozarks really gets going! Arrowhead Title will work tirelessly to ensure that your closing process proceeds as smoothly and efficiently as possible. Here's a sneak peek at the behind-the-scenes work Arrowhead Title will do for you. Residential Closing Services Residential closing at the Lake of the Ozarks is a complicated, multi-faceted process. Successful closings require a great deal of cooperation and coordi...