The real estate market is so hot right now, and if you managed to land a deal on your dream home – CONGRATS! But you’re not to the finish line yet.
It may be the season of tricks and spooks – but don’t worry, your escrow experience can be a TREAT! (Especially if you use Pioneer Title Agency).
This year for Halloween, we are handing out tips to make the escrow process a little less spooky.
But what is closing?! Well, it’s the final step before that house is YOURS! On your closing date, the closer records your official documents, and you become the legal owner of the property.
You can find your closing date listed in the contract. The buyer and seller agree to this specific date. Sometimes, this date can change. Your agents, lender, and title company all work together to close the deal, but things can arise that will push the closing date back.
There are some things you can do to prepare for closing and help stay on target.
First, choose a wickedly good team. You will want an experienced real estate agent, a trustworthy mortgage professional, and an excellent escrow/title officer. (Hint: Pioneer Title Agency has you covered).
Next, create and complete your “Closing Checklist.” Your dream team you just assembled can help you put this together. Be sure to include your closing contingencies on your checklist!
Closing contingencies are conditions that are spelled out in the contract. These need to be met to close.
Contingencies can include:
What can cause delays?
Hold on tight to your broomsticks – because the escrow process can be a bumpy ride. In every transaction, there is the potential for delays. These issues can come up at any time during the process. Below are some of the top problems that can cause a delay.
The closing process may seem scary – but you got this! Information is your friend. Trust your team, and you will make it into your new home in no time.
Phone: (520) 458-3500
Fax: (520) 458-6121