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!
At Novation Title, we take immense pride in being recognized on the 2024 Top Latino-Owned Business List ! As a Latino-owned company, we are passionate about empowering our community through homeownership—one of the fastest ways for Latinos to build generational wealth in America. Why Hispanic Homeownership Matters Homeownership is more than just buying property; it's about creating stability, financial security, and opportunities for future generations. We believe in providing the resources and education needed to help our Latino community navigate the path to homeownership with confidence. Educating & Supporting Latino Homebuyers Our team uses key insights from the NAHREP (National Association of Hispanic Real Estate Professionals) reports to share real data on Latino homeownership growth and opportunities. We know that numbers don’t lie , and we want to ensure that every aspiring homeowner and entrepreneur has access to the right information. Advice for Latino Entrepreneurs For those looking to start a business in the title and real estate industry, our advice is simple: educate yourself and lean on data. By understanding the numbers and trends, you can position yourself for long-term success. Thank you to our community and partners for trusting Novation Title. Together, we continue to break barriers and build wealth through homeownership!
At Novation Title, we take immense pride in being recognized on the 2024 Top Latino-Owned Business List ! As a Latino-owned company, we are passionate about empowering our community through homeownership—one of the fastest ways for Latinos to build generational wealth in America. Why Hispanic Homeownership Matters Homeownership is more than just buying property; it's about creating stability, financial security, and opportunities for future generations. We believe in providing the resources and education needed to help our Latino community navigate the path to homeownership with confidence. Educating & Supporting Latino Homebuyers Our team uses key insights from the NAHREP (National Association of Hispanic Real Estate Professionals) reports to share real data on Latino homeownership growth and opportunities. We know that numbers don’t lie , and we want to ensure that every aspiring homeowner and entrepreneur has access to the right information. Advice for Latino Entrepreneurs For those looking to start a business in the title and real estate industry, our advice is simple: educate yourself and lean on data. By understanding the numbers and trends, you can position yourself for long-term success. Thank you to our community and partners for trusting Novation Title. Together, we continue to break barriers and build wealth through homeownership!
Welcome, 2020! We made it through the first week of the New Year and are already excited for what’s to come in this brand new decade. Anything can happen, and we have so much to create! Whether you’re a fan of long-term resolutions or prefer setting smaller, short-term goals, it feels good to start the year off with a desire to change for the better. If you know us, you know our approach at Novation Title has always been goal-centric, not only within our business but in our personal lives and out in the community. In today’s world where we are constantly connected (and distracted), it’s no wonder that we increasingly find ourselves overwhelmed mentally and physically drained. Often, the issues in everyday life are the ones that prevent us from enjoying the very same everyday life! How can we balance this out? We believe we can do better. That is why we are introducing meditation into our workspace. While meditation has been practiced for over 5,000 years, it is increasingly becoming a necessary way for us to unplug from the modern world. But what, exactly, is it? Meditation is a practice where an individual uses a technique — such as mindfulness — to train attention and thoughts. Mindfulness is awareness, it is a state of peace. It is being in the present moment, intentional and serene. It is the process of being aware of your thoughts while also disconnecting from them so you can connect within. Connecting within is the highest form of intelligence and results in proven mental, emotional and spiritual health benefits. Here are just a few science-based benefits of meditation: Reduces blood pressure Increases serotonin production that improves mood and behavior Improves immune system Increase in energy levels Lessens stress and anxiety Increases happiness and creativity Clarity and peace of mind Increased memory retention and recall Enhances self-awareness and self-acceptance Each one of us, regardless of gender, age or other factors, undergo daily stress and tension at some level or the other. That’s why we’re so excited to introduce #NovationMeditation into our business and we encourage others to join us this year. We can ALL benefit from improved mental and physical health in 2020. Who’s with us?!
