Buying and selling real estate isn’t a quick process, and for good reason. A valuable asset is changing hands, as well as a lot of money. Most transactions run smoothly, with both the buyer and the seller operating in good faith. But sometimes you’ll encounter title defects (known commonly as title clouds) that can bring ownership into question. If title clouds are discovered, they must be resolved prior to closing.
Chances are you’ve never heard of 1031 exchanges, but if you own an investment property and plan to sell it and purchase another, doing so as a 1031 transaction could be to your advantage. But prior planning is a must because the rules are complex, rigidly enforced, and can result in severe financial consequences for mistakes in execution.
Most people only buy or sell a home a few times in their life, and it is always a life-changing event. But most buyers and sellers don’t work in the real estate industry, and the process can be confusing. That’s why it’s so important to hire the right professionals to make sure that every component of the transaction runs smoothly.
Selling your home can be a little overwhelming, no matter how many times that you’ve sold a home before. Between making repairs and upgrades, getting the home listed, and getting enough prospective buyers to see the home, a lot of things have to come together. What happens if you make a mistake?
Whether you are selling your home or selling land, it’s vital to make sure you have everything covered at closing. And when you get ready to sell, First National Title Company, as one of the top closing companies in Arkansas, is ready to help.