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.