Whether it’s your first home or your last home, buying a new home is a big move,. Most people only buy a new home 3-5 times over their lifetime, and it’s one of the most detailed processes that they’ll ever go through. That’s why it’s so important to partner with the right professionals to make sure that the process goes smoothly from the time that the offer is accepted, all the way up to closing.
When it comes to Arkansas title companies, it’s extremely important to find a company that you can trust to guide you through the process. Our team at First National Title is an independent title agency as opposed to being an affiliated business arrangement that is owned by a financial institution or a real estate agency, and we are committed to servicing the transaction in a professional, neutral and responsible manner!
Once your property is under contract, the real work begins. You will be working with a number of different professionals that typically include a realtor, a home inspector, an appraiser, and a lender. Documents must be executed, and legal filings must be prepared. One of the first, and most important steps is a detailed title search. Our team of experts will make sure that the title is free of defects, and will then issue you a title insurance policy to protect your investment from any liens or “title clouds.” Common title clouds include misfiled paperwork, unmet financial obligations, unknown heirs, and occasionally fraud or forgery. Your policy will remain effective for as long as you own your home, and will protect you from having to pay exorbitant legal fees out of pocket in the event of a future title dispute.
Most real estate transactions involve a buyer and seller who are both operating in good faith. Unfortunately, the reality is that each time that a property changes hands, there are a lot of opportunities to make mistakes. Most of them are simply “human error,” and relatively easy to resolve, but you owe it to yourself to make a small investment in title insurance for true peace of mind.
If you have any questions, contact us online, or at any of our 22 convenient Arkansas locations listed below!