A real estate transaction is the most complex financial transaction that most people will ever undertake. The myriad of documentation, deadlines, and details are enough to have your mind reeling, no matter how many times that you’ve been through the process. Between title searches, closing requirements, and dealing with all of the i’s that need dotting and t’s that need crossing, it’s easy to miss something. Even seemingly small omissions can cost you dearly.
Even if you’ve already bought and sold several properties in your lifetime, you have probably often wondered why it takes some time to prepare for closing. Like many Arkansans, you may believe more real estate deals should perhaps come to closure a bit quicker, and that the length of time to complete the title and escrow documents is a bit frustrating. However, with the multitude of items that now effect a real estate transaction, it is very important to be cautious and thorough in preparing for closing, as all that it takes is one lengthy property title dispute to make you realize why it’s so important to take your time, and to have the right professionals in your corner from the start!
Real Estate transactions aren’t totally different from any other retail or service transactions, but the stakes are typically a lot higher, as is the sales price, and the amount of documentation that must be prepared and filed. But your mother didn’t raise a fool, and you shouldn’t discount your instincts when looking for a title insurance agent or shopping for a title insurance policy. When it comes to closing services, title searches, and land title insurance, you owe it to yourself to leave no stone unturned when looking for a provider.