Anytime you buy a new piece of property such as a home, you need to close on it. This allows you to sit down with the seller and sign the contract that makes you the new owner. Though you might think that things look good on your end, there are multiple problems that can pop up during the real estate closing process that causes delays. Find out more about those problems and how a title agent can help.

Document Errors

You should receive the closing documents within three days of your closing date. Take time to look over the documents for any errors. You may find that the lender charges you a higher interest rate or that you’re missing one or more pages. Also, look for errors that relate to you and the sellers. When you arrange for title insurance in Boca Raton, you get help looking for issues and fixing them. You might discover that the buyer wants you to pay more of the closing costs than you should or that the buyer decided not to pay for certain repairs.

Title Issues

Working with an expert on title insurance in Boca Raton is the best way to avoid title problems. When you buy a property, you need a clean title. Possible issues range from a title that has a lien on it to one where there are multiple owners listed and only one agrees to the sale. With title insurance services, you also find out ahead of time if there are back taxes due on the property or any other disputes that might affect the closing.

Lender Delays

Lender delays refer to any problems with your lender that delay the closing process. Many lenders deal with dozens of customers every day and aren’t always as quick to respond as you might expect. Buyers occasionally have issues with lenders who wait until the last minute to ask for some of the information they need, which will halt the closing. They may ask for a copy of your most recent pay stub or for your insurance policy. A title company ensures that you have everything you need before your closing date.

Structure Repairs

Another issue that can delay your closing is when you find structure damage that requires repairs on your walk-through. The walk-through is your last chance to examine the property before you buy it. If you find damage that the sellers hid like a leaky roof or cracks in the foundation, you don’t need to buy it. Even if you decide to buy the home, you might delay closing until the sellers fix the problems.

Make Closing Go Smoothly

We can help you make the real estate closing process go more smoothly no matter where you live around Boca Raton. Contact Expert Title Company today for the title insurance services you deserve.