Memphis Closing Attorney Explains how to have a Smooth Closing скачать в хорошем качестве

Memphis Closing Attorney Explains how to have a Smooth Closing

A smooth closing process is the goal for every real estate transaction. You want your clients to have a great closing experience so that they are ready to send you referrals! This week, Memphis closing attorney Heather Webb gave us advice on how you can have smoother closings. Wow your clients and never lose referral business. Here is an overview of some of the topics: Completely fill out the contract. This may seem like a no-brainer, but it’s easy to forget to fill out sections of the contract. For example, don’t forget to fill in the name on deed. Completely filling out the contract may take a little longer on the front end, but it can save so much time and frustration on the back end. And make sure you’re being descriptive and accurate when filling out amendments, counter offers or addendums. Always draft these documents so that an unrelated third party could read your document and understand what it means. This helps eliminate any confusion, because in a normal transaction a lot of different people (lenders, attorney, other realtors, etc..) will be reading your contract. It’s important that your writing be as clear as possible. Earnest money Think about the timeframe for delivery and the holder of the earnest money. Generally, either the listing broker or one of the closing attorney’s will hold the earnest money. Be sure you give the buyer a few days to send in the earnest money. And most importantly make sure the earnest money actually gets deposited. Sometimes the earnest money is the leverage that keeps a deal together – make sure you get it! Survey It’s important to know where boundaries and easements are. If you ever want to make an addition or add a pool, knowing where the easements are is crucial. And sometimes, homes are built right on top of existing easements. It’s important to know this on the front end so you can make an informed decision about the purchase. Title insurance It’s required in most situations, but what is it really covering? It’s one of the few insurance policies that’s retroactive in nature, and there’s no ongoing premiums. Just one single premium and you’re covered for life. Title insurance can be custom tailored to fit your needs, but it typically prevents you from claims of third parties. Claims could be anything an unreleased mortgage to a fraudulent transfer claim. Contact Heather Webb Email: hwebb@mdwlaw.com Find Murphy, DeZonia and Webb at Instagram: https://instagram.com/mdwinsta?igshid...