In spite of all of the paperwork and legal documents that must be prepared in advance, real estate closing can actually be surprisingly straightforward. The key to a smooth closing is making sure that you have the right experts in your corner from day one!
Since 1997, Arkansans looking to buy or sell their homes or investment properties have placed their trust in First National Title Company, and we’ve helped thousands of clients approach their closing date with confidence. We started with two employees, and have expanded to almost 200, operating out of 20 convenient locations throughout Arkansas. Our commitment to our clients is second to none, and we’ve been fortunate to get a lot of repeat and referral business over the years.
Mark Twain once advised his readers to “buy land, [because] they’re not making it anymore,” and his advice is just as good today as it was 150 years ago. Undeveloped land can be a great investment, particularly if it’s located in an area poised for growth. Whether you plan on eventually developing the land yourself, or reselling it after it appreciates in value, you definitely have a lot of options!
Buying a home or investment property is usually a big decision, particularly as you weigh the pros and cons of each property, and decide on a fair offer. But once the seller accepts your offer, the real work begins!
When you’re purchasing a home or investment property, a title insurance policy is a great investment. Most real estate transactions are made in good faith, and closing typically runs smoothly. Unfortunately, most properties have changed hands a lot over the course of their lifetime, and the potential for problems with the title transfer increases with each sale. Many times, it might simply be misfiled paperwork, but occasionally there can be bigger problems, such as fraud, forgery, or even unknown heirs with a legitimate claim to the property. These title defects are commonly known as title clouds, and without a title insurance policy in place, you run the risk going through the lengthy and expensive process of resolving them at your own expense.