Danielle Kearns’ Post

Week 7: Closing the Deal: What Sellers Need to Know ~ Expert Tips: Navigating the Legal and Financial Aspects of Closing with a Comprehensive Approach (Continued...) 4. Coordination with Lenders: Keeping Financing on Track If the buyer is financing their purchase, coordinating with their lender is a crucial part of the process. Delays in financing can throw off closing dates, affecting everything from your moving plans to the release of funds. My comprehensive approach involves maintaining open lines of communication with the buyer’s lender, ensuring they have everything needed to approve and fund the loan on time. Expert Insight: I keep the pressure on the lender to meet deadlines, proactively address any documentation issues, and provide any required seller-side information promptly. This hands-on coordination keeps the deal moving forward and prevents last-minute surprises that could derail closing. (Continued) Presented by Brien Smith Licensed Realtor, Private Investigator, Certified Listing Expert and Professional Negotiator, Lic#02152423, ReMax Gold, (530) 417-1708

📝 When buying or selling a property, make sure your documents are in order: 1️⃣ Deed accuracy: Ensure all legal descriptions and names are correct. 2️⃣ Loan document clarity: Review interest rates, fees, and penalties carefully. 3️⃣ Contract terms: Understand contingencies and obligations before signing. 4️⃣ Transfer timeline: Be clear on when the property officially changes hands. Having clear, organized documents will make your transaction smooth and hassle-free. 🏡 Got a big move coming up? Double-check your deed and loan documents before closing for a seamless process! Kristina Wilson

What are seller concessions? Seller concessions are a strategy in real estate transactions where the seller covers a few or all of the buyer’s closing costs. These include: - Property taxes - Loan origination fees - Appraisal costs and more... Find the full list of seller concessions here >> https://lnkd.in/d8KiGPPA

**45-Day Escrows: A Sign of Strength, Not Stagnation ** In a fast-paced market, short escrows are often the norm. However, a 45-day escrow shouldn't be a red flag for sellers. It can actually indicate a well-prepared buyer taking the time to do their due diligence! This extra time allows for thorough inspections, financing approvals, and a confident closing for all parties. For sellers: understanding typical closing timelines in your area sets realistic expectations. For buyers: a longer escrow can ensure a secure and informed purchase. Knowledge is key!

⚠️ $95,000 deal almost BLOWN UP - here's what you need to know about assigning contracts... Just had a close call that every investor needs to hear about. We were buying land for $110k with the potential to sell for $460k - seemed perfect until closing day. The seller almost backed out because they didn't recognize the buyer's LLC name. Here's what can go wrong with assignments: ⚠️Buyers get upset seeing your profit ⚠️Sellers get cold feet ⚠️Neighbor drama can kill deals 💡 Pro Tip: Having an investor-friendly title agent saved this deal. Make sure you have the right team in your corner. Double tap if you've ever had a close call with contract assignments. 👇 #RealEstateInvesting #ContractAssignment #InvestorTips

Has someone you know sold a home recently? Hopefully, at the time that they were given an offer, it came from a buyer who was qualified to buy the property. This qualification will hopefully come from a lender who has looked at their credit and their financial situation to be able to offer a pre-approval letter. Just remember this is only a pre-approval letter. A buyer may not have been truthful or may not realize they have outstanding bills they did not know about There's a lot that comes into play, so ask additional questions. Remember that an offer is not only a monetary consideration. Read on and share. #realestate #contracts #closings #law #moving https://lnkd.in/eVhmrDs4

💰 Seller financing explained: You can buy property without the full price upfront by negotiating with the owner for a down payment and making payments with interest. It's a win-win! Call It Closed Alex Zujovich (775) 315-2838 #CallItClosed #AlexZujovich #SellerFinance #PropertyInvestment 🏡

Escrow starts with a deposit" is the first step in escrow, especially in real estate deals. Here’s a quick breakdown: Escrow Basics: A neutral third party holds funds until conditions are met, safeguarding both buyer and seller. Deposit: The buyer places an earnest money deposit to show commitment. This deposit is held in escrow until the sale closes. Why It Matters: If the buyer backs out without cause, the seller keeps the deposit. If the sale proceeds, it goes toward the purchase price.

Escrow is a process used in buying or selling property to ensure that all the terms of the agreement are met before the transaction is completed. Here's how it works: - A third party, known as an escrow agent, holds onto important documents, funds, and instructions from both the buyer and seller. - The escrow agent makes sure that all the conditions of the sale are satisfied. This could include inspections, repairs, and the transfer of the property's title. - The purpose of escrow is to protect both parties by ensuring that neither the buyer nor the seller can access the funds or documents until all the agreed-upon conditions are fulfilled. - Once everything is verified and in order, the escrow agent releases the funds to the seller and the property title to the buyer, completing the transaction. Questions? Send me a DM.

What’s a Lien and Why Does It Matter in Real Estate? A lien is a legal claim against a property due to unpaid debts, like taxes or contractor fees. Before closing, it’s crucial to resolve any liens to ensure a clear title. At Liberty Title & Escrow, we help uncover and address liens, ensuring a smooth transaction for buyers and sellers. Questions about liens? Speak with a member of our team today! 479-250-4298 | libtitle.com