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DD Web • May 27, 2016
Achieving ‘Hero Status’ in the Real Estate Closing Process
The real estate closing process, also known as settlement or escrow, is the day you and your client have been waiting for. It is the final step of the homebuying process (or as we like to call it, the light at the end of the tunnel!) For your clients, it should be a day of victory and accomplishment and a positive reminder of why they chose you to represent them.
Few home buyers understand what is involved in a real estate closing when they decide to purchase, but by educating them ahead of time, you can alleviate the additional stress that comes with ‘the unknown’ and help protect their rights. Not only is title insurance required, it protects both the lender and the homebuyer from title defect or human error. (This is a good thing!)
So, how can you keep them in the loop throughout the process and emerge a hero? Here are 3 things you can help them prepare for and expect on closing day.
Title Search
Every property has a history. While the full history of property ownership should be checked before a real estate closing, it’s possible (and yes, it happens!) that the records contain errors, unrecorded claims, or hidden liens. That’s where we come in. A title insurance company will conduct a conclusive public records search to identify any issues that could affect your client’s right to ownership and work to remedy any defects attached to the property. A title insurance policy should also protect homeowners from past liens on the property that are discovered after closing.
Disbursement
In order to transfer a property from seller to buyer, you need a neutral third party to provide escrow and settlement services on closing day. We have the fiduciary duty to the transaction, so we collect and disburse most funds that are a part of the transaction including down payment, cash to close, sale proceeds and even earnest money. In such a constantly changing environment, it helps to enlist the expertise of title insurance company in handling complicated transactions and keep all parties informed of the progress to escrow.
Settlement
Paperwork and documentation can be one of the most stressful parts of the homebuying process for everyone involved. A title company will explain all of the necessary documents at the time of closing and navigate the most recent changes to the mortgage disclosure process. At a real estate closing, it is our commitment to see you and your client through to the end of the purchase process. We strive to create an environment that is completely different for everyone — our clients and yours.
Thank you to all of our clients this month who have worked with us during our May Giveback! 5% or our net sales this month will go to the Humane Society of Utah. Every real estate closing during the month of May will help with the contribution. We love giving back to these selfless, charitable organizations in our community and appreciate all of you who choose to join us in our effort!
Hey there, future homeowner! So, you're diving into the wild world of real estate, huh? Exciting times ahead! 🏡 But hold up – before you pop the champagne, let's talk about something crucial: choosing your title company. Now, who gets to decide on this? Spoiler alert: it's you! Sure, your real estate agent or lender might throw a few suggestions your way, but ultimately, the choice is yours. So, let's make it count! First things first, do some snooping around. Check out different title companies online, ask your pals for recommendations, and see what vibes with you. You want someone reliable, experienced, and who's got your back, no matter what. Oh, and don't be shy – ask questions! Seriously, grill them like you're on a first date. How long have they been in the game? What's their process like? And most importantly, can they handle your quirks and concerns like a champ? Remember, this isn't just about paperwork – it's about peace of mind. Your home sweet home is a big deal, so choose a title company that feels like the perfect fit. Trust me, it'll make all the difference when it's time to pop those keys in the door!
February is not just about Valentine's Day chocolates and romantic gestures; it's also about spreading love and kindness to those who need it most. And boy, did we have an amazing time doing just that with our February Giveback! This month, we teamed up with the incredible For The Kids nonprofit to make a difference in the lives of children in our community. And let us tell you, it was a heartwarming experience from start to finish. First things first, our team rolled up their sleeves and dove straight into action. We spent a day volunteering, packing a whopping 100 meals to be delivered to those in need. The joy of knowing that these meals would bring smiles to the faces of children warmed our hearts in ways we can't even describe. But we didn't stop there! Oh no, we were just getting started. With our sleeves still rolled up and our spirits soaring, our very own Joe packed the truck with all those delicious deliveries for that Friday. The excitement was palpable as we imagined the happiness these meals would bring to families across our community. And guess what? Our amazing supporters rallied behind us in full force! Through their generosity, we collected over 100 additional items to donate to For The Kids. From canned goods to pantry staples, every single donation meant the world to us and to those we're helping. As we reflect on our February Giveback journey, we can't help but feel overwhelmingly grateful. Grateful for the opportunity to make a difference. Grateful for the support of our community. And most of all, grateful for the chance to spread love in every way we can. It's worth mentioning that our dedication to For The Kids goes way back – we supported their mission back in 2021, and we're committed to continuing this beautiful partnership for years to come. To everyone who volunteered, donated, or simply cheered us on from the sidelines – thank you. Thank you for believing in the power of kindness. Thank you for joining us on this incredible journey. Together, we're making the world a brighter, happier place, one meal and one smile at a time.
The curtains have risen, the confetti is in the air, and we are ecstatic to share the electrifying plans Novation Title has in store for 2024! This year's big reveal event was nothing short of a spectacle. Hosted on Zoom, it was a virtual fiesta with most of our incredible team. We kicked off the event with a bang, unveiling not just launches but also insights from a unique case study involving over 250 Agents. Picture this: a backstage pass to what the real estate game-changers need in 2023. It's a report that's about to revolutionize the way we navigate the real estate landscape. There were reminders of the tools that spark creativity at Novation Title – from ecording rooms to meditation rooms. We also shared all about Nova Connect, and an exclusive savings opportunity. A mic drop moment, unveiling our Referral Program, updated Diamond Partnership and Diamond Plus perks, and our Nova Show: Real Estate Records Podcast now with fresh episodes every week. As if that weren't enough, Novation Title is officially rocking the YouTube scene as of Season 3! The website got its moment in the spotlight as we went through its hidden treasures. Real Estate Pop Bys, the Title Rate Calculator – it's like a digital treasure hunt. And let's not forget the Nova Academy Calendar, our roadmap to success with all of our class schedules. Speaking of Nova Academy, we shared the excitement about upgraded classes tailored to your needs. Learning just got a whole lot more thrilling! We put the spotlight on Nova Stories – and how we have updated this experience to help you. Lights, camera, action! Novation Title's values – the Give Backs that have shaped our community. From Primary Children's Hospital to Sub for Santa, we've been making a difference for over six years. We are so excited for all of our upcoming community services. Novation Nation, are you as pumped as we are? The future is now, and we're ready to take 2024 by storm. Stay tuned for more updates, adventures, and game-changing moments from Novation Title. Here's to an extraordinary year ahead!
REDEFINING THE EXPERIENCE
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