Every home has a story, and you need to know that story before you proceed. So many things happen over the course of a home’s lifetime, and this is particularly true when it changes ownership. Sometimes researching the title history of property can take odd twists and turns. If this is the case with your property, title defects may be the result, which can greatly affect the ability to consummate the sale of the property. If the seller owes delinquent taxes, HOA dues, or unpaid child support, there could be liens on the property. These problems are commonly known as “title clouds” and they must be resolved before the title changes hands. The title search will help the purchaser identify if there are liens in place, and afford the parties to resolve the issues in order to proceed with closing.
Buying or selling real estate is a very detailed process that requires a team of professionals, but that doesn’t mean that it has to be difficult! In fact, the process can be relatively straightforward if you’re prepared for closing. This means dealing with appraisers, lenders, and home inspectors for starters, and performing thorough research to make sure that there are no defects on the property title. And when it comes to a title search, Arkansas homeowners have placed their trust in First National Title for over two decades!
Before a real estate transaction can be officially consummated, several details have to come together. The accepted offer is where the work really begins, and a good closing to the real estate transaction requires a team of professionals who all pull together to properly execute the closing. Closings should be seamless and stress free experiences for the buyer and seller, and advance preparation is key!