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Showing posts with the label Purchasing Real Estate

Choosing Your Title Company: 4 Questions To Ask

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When you are preparing to purchase real estate, selecting the Lake of the Ozarks title company you wish to facilitate your transaction is an important step. Your title company will be intimately involved with your transaction process. The title company is responsible for: Holding your earnest money check in escrow Conducting a title search to make sure your title is free and clear prior to transfer Preparing the title and deed Issuing a title policy to protect your right to use and occupy your land Facilitating the final transaction to ensure that all debts are paid and that the remaining funds are distributed to the appropriate parties As the buyer, it will typically be up to you to select the title company you wish to handle your transaction. Considering their close involvement in the process, it is important that you select a title company you know you can trust. Our Lake of the Ozarks title company is here to help you gather the information you need to make an inform...

A Behind-The-Scenes Look At Buying A Home

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When you think of buying a house at the Lake of the Ozarks , what comes to mind? If you're like most people, you think of touring various properties for sale while searching for your dream home. While this is certainly an exciting process, it's only the tip of the iceberg. Once you settle on your perfect home and decide to submit an offer, there are still several steps that must be executed before the home can be declared legally yours. Arrowhead Title, Inc. is here to help you get a better understanding of the process. Earnest Money When you submit an offer to purchase a home, you must also include a check for earnest money. This check shows that you are serious about buying the property; the more money the buyer provides, the more serious he/she seems. Generally, earnest money amount ranges from about 1-3% of the asking price.  Loan Application If you haven't already, now is the time to begin applying for a mortgage loan. A lender will evaluate multiple finan...