How to close your Real Estate Transaction ON TIME!

It's Monday morning, and I can't help but think of the amount of homes that need to be bought or sold. In some cases, people want to take advantage of unbelievable home prices and low interest rates to buy their second home or move up with their existing home. In other cases, sellers have fallen victim to adjusting mortgage rates, credit crunches, job loss, and other factors that force them out of their home.

For one reason or another, people still want to, and need to buy and sell real estate.

For a buyer it may be their first home and they’re looking forward to taking advantage of the $8,000 tax credit. Maybe they’re purchasing a second home or a home for their parents or children.

A homebuyer gets excited about a lot of things during escrow. One thing he or she does NOT get excited about is closing a deal late. Especially when their bad news arrives on a Friday morning, while they’re loading a moving truck at their current residence.

How can you avoid giving your clients bad news? Get a Statement of Information filled out from the seller of the property, and get it to California Title as soon as possible.

In this day and age, there are several complications that can come from a seller’s tax lien or judgment. These complications take time and effort to resolve. When a title company receives a Statement of Information, it runs the seller’s history with possible complications or clouds on the title of the home they’re selling. If complications arise, the title company has time to deal with them or at least let all parties know in advance.

In most cases, if the title company gets the Statement of Information late and finds a problem, it cannot solve the problem without delaying the close of escrow.

Please take a look at the attached flyer, and stay informed so that you can close MORE deals ON TIME!

For more information, please contact your California Title Sales Representative.