Undeveloped land can be a great investment, and there’s nothing like making a smart buy in an up-and-coming area. Some people invest in land with the intention of building a new home or a new office building, and some investors make purely speculative land investments. Whatever the case may be, it’s important to be prepared when it comes time to close on your new land purchase.
Searching for a new home or investment property can be a very involved process, but there’s nothing quite like making a good deal. Once a property is under contract the real work begins, and both parties have work to do to prepare for closing. For starters, the seller has to demonstrate clear ownership of the property before the title can change hands. Additionally, the buyer may need to secure financing and make sure that the property is in the condition that was represented. Most closings take an appreciable amount of time to consummate, and it’s important not to rush through the process.
Real estate is always a great investment, and our team of title professionals at First National Title is here to help you enjoy a smooth transaction. We have right at 250 dedicated employees to serve you, and we operate 26 offices throughout The Natural State. We’re Arkansas’ largest independent title company. You’ll always get to work with an agent in or near your community, and we always strive to provide legendary service. Contact us when you want to learn more about title insurance and escrow services, 1031 or reverse 1031 property exchanges.
In the digital age, criminals have a lot of new ways to exploit technology for personal gain. But that doesn’t mean they’ve stopped using their old tactics to steal. In fact, many of them still rely on “social engineering” to extract passwords and other information from unsuspecting users. It shouldn’t surprise you to learn that prospective home buyers are frequently targeted, particularly when they’re in the countdown to purchase their home. That’s why it’s so important to protect yourself, and your communications, when you approach closing.
When you finally find the right home and make an offer, you probably started the process by looking at a lot of homes that weren’t the right fit. Today’s home buyer typically views eight or more homes before making an offer, and choosy buyers often view dozens. It takes an average of four months for most prospective buyers to make up their minds, and they wait impatiently by the phone to find out if their offer is accepted. Once the property is under contract, the next step is making the necessary preparations for closing the real estate transaction.