How to Make Real Estate Closings Simpler
Finding ways to simplify the real estate process can make your life much easier. At Florida Home Title Company, we know how stressful these big decisions can be in life. Buying a home, or a business, is a major decision. Finding ways to make the real estate closing process easier can only help you through the transaction.
Ways to Make Your Real Estate Closing Simpler:
Hire A Trusted Company to Run the Real Estate Closing Process — Whether you are looking for a real estate attorney, or a trusted and experienced title company, once you hire the right professionals you can rest assured your real estate closing will run smoother.
When moving forward with real estate closings, you want to ensure that the process is handled on time, and is convenient for everyone involved. You also want to know that the professionals handling your real estate closings have thoroughly investigated the property you wish to buy.
Ensure a Title Search is Completed — When you are buying property, purchase title insurance to make sure that you are covered through your real estate closing…and even after the deal has done. Through the title insurance, you will receive a title search.
Your title company, as closing agent, will have someone go through all the public records of the property you wish to buy. This thorough search of public records will help uncover if there are any liens on the property, unpaid taxes, or any rights of the property that you need to be aware of before purchasing. If anything is uncovered during the title search, there is a good chance it can be resolved before the real estate closing.
Make Sure You Are Covered After the Real Estate Closing — There are some things that a thorough title search will not be able to uncover prior to the real estate closing. No matter how good an investigator is, it is hard for him or her to detect fraud or forgery. It is also hard to foresee a previous owner claiming mental incompetence. Or to foresee an unexpected heir popping into the picture.
For these types of reasons alone, it is always good to have title insurance to ensure you are protected after the ink from the real estate closing transaction has dried.
Know the Closing Costs — Don’t be surprised by any costs following your real estate closing transaction. Instead, ask about the costs up front and go through every item that you are unsure about. You deserve to know what you are paying for during the real estate closing process. There will be land transfer fees, legal fees, closing adjustments, etc. Be prepared for what you owe on your real estate closing day.
Hiring a good company to handle your real estate closing, having a thorough title search done, opting for title insurance and knowing all of the closing costs will make the real estate closing process run smoother. You don’t want to spend the real estate closing process stressed out and worried. Instead, be prepared and let the experts handle the process for you.