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Showing posts with the label Title Contingency

What is a Title Contingency & How Does it Relate to the Home-Buying Process?

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Buying a home is a detailed process, one that includes many steps that must be taken by both the home buyer and by the seller of the home.  In this article, we will discuss the steps that your title company must take as well, and why you should rely on your title company when purchasing a home.  At Arrowhead Title, Inc. , your number one title company at the Lake of the Ozarks, we are here to help you fully understand the home buying process and the role your title company plays in the purchase of your new home. Buying a home is a huge investment, so it makes sense that there are many more rules regarding the purchase of a home than the purchase of other items.  When you put an offer on a house, you do so through a home purchase agreement wherein there are several things a seller must do or agree to do before you, as the buyer, are willing to purchase the home.  In addition, you as the buyer must make agreements with the seller before the home sale can be fi...

Protect Your Interest with a Title Contingency

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If you've been thinking about buying a house, it's time to educate yourself on the process. Buying a home is a ton of fun, but it is also a complicated process with a lot of details that must be met. Your real estate agent will be able to guide you through the process, and our  title experts at the Lake of the Ozarks  will be here to fill in the gaps wherever we can. This week, we want to look at one particular aspect of the home purchase agreement: the title contingency. What Is A Contingency? Before we look specifically at title contingencies, let's back up and look at contingencies in general. When you submit an offer on the house, you do so through a proposed home purchase agreement. This agreement outlines several details of your proposed sale, including the purchase price, closing date, any specific items that should be included in the sale, and your desired contingencies. Contingencies are conditions that must be met in order for the contract to be considere...

What Is A Title Contingency?

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If you've been thinking about buying a house, it's time to educate yourself on the process. Buying a home is a ton of fun, but it is also a complicated process with a lot of details that must be met. Your real estate agent will be able to guide you through the process, and our title experts at the Lake of the Ozarks will be here to fill in the gaps wherever we can. This week, we want to look at one particular aspect of the home purchase agreement: the title contingency. What Is A Contingency? Before we look specifically at title contingencies, let's back up and look at contingencies in general. When you submit an offer on the house, you do so through a proposed home purchase agreement. This agreement outlines several details of your proposed sale, including the purchase price, closing date, any specific items that should be included in the sale, and your desired contingencies. Contingencies are conditions that must be met in order for the contract to be considere...