Whether you are buying a new home or looking to sell, closing a real estate sale can be anxiety inducing. As a major legal and financial transaction, it is important to ensure everything is in order before the final paperwork can be signed. When dealing with real estate closings in Deerfield Beach, having the guidance of the experienced title agents at Expert Title Company can make the entire process much faster. Even so, understanding the factors which may hold up the process can help you keep it running smoothly. These three factors are the most common cause of delays in real estate closings:
Transference of the title and deed over a property brings with it all responsibility associated with said property. Because of this, ensuring the title is clear of any extenuating liens or debts before it is transferred may hold up the closing process. For real estate closings in Deerfield Beach and across Florida, a title search can help to avoid these issues by identifying them from the start. It’s easy to get wrapped up in the excitement of finding a home within your budget, with a seller looking to close the deal quickly. However, a rushed sale could be a sign of hidden trouble. A title search can uncover things like other parties who may have stakes in the property, such as banks, loan companies, or other people listed on the deed.
Once title issues have been uncovered through title searches in Deerfield Beach, your contract can be modified to ensure they are resolved before closing is complete. While this may delay the excitement of moving in, it ultimately protects you and your financial future.
Contractual Terms Not Met
It’s not uncommon to negotiate your contract during the home purchasing process. Ensuring your new home is ready for you is important; no one wants to take on someone else’s responsibilities as part of a new chapter in their lives. However, if the seller fails to meet their contractual obligations, it can stall real estate closings in Deerfield Beach. In some cases, the seller may be unable to afford to make the repairs within short time frames, so patience is key.
If the agreed upon closing date is drawing near but no progress has been made, you and your Expert Title Company agent should have a conversation with the seller. Determine whether you are willing to continue waiting, or if you want to revoke your bid on the home. Being that sellers are looking to close the deal; they are likely to want to work with you. As your escrow account manager and real estate deal closer, our agents are on your side. We help to ensure you are satisfied before it is finalized.
Sometimes, even though everything seems to be in order, the final real estate closings in Deerfield Beach may be delayed by price disparities. Though one price may initially be agreed upon, one or both parties may elect to change things based on any number of factors. Regardless, re-negotiation is necessary to come to a new agreement. An experienced title agent may be able to assist in facilitating that agreement. As escrow service providers, we can also secure all funds until the transaction is ready to be finalized.
Are you purchasing a home? Let Expert Title Company help you through this and future real estate closings in Deerfield Beach.