What Happens During the Closing Period of a Home? Let Me Explain...

There are many great Omaha area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (402) 680-2500 for a FREE home buying or selling consultation to answer any of your real estate questions.

What Happens During the Closing Period of a Home? Let Me Explain...

I've had a lot of people come to me wondering why it takes so long to close a contract on a home and get it sold. The main reason is that the title companies must perform a wide array of research on the necessary documents. However, here is a more comprehensive explanation.

To start, you must take these steps in order to close on a property:

1.  Get your loan approved.

2.  Have a termite inspection completed (or any other inspections).

3.  You need to have an appraisal done.

4.  You also need to have the title work done:

     -  This is going to take the longest out of all the steps.
     - Title companies search for names associated with the transaction as well as research the property itself. The goal of this process is to ensure that the seller gives the buyer a good, clean title.
     - If there are any liens (including child support or tax liens) against the owner of the property, they must be paid off.
     - After all the research has been completed by the title company, they open up communication with the buyer's lender in order to calculate the final numbers of the purchase including the cost of the title work, inspections, insurance, and any other work associated with the contract.

In the state of Nebraska, it is customary for the seller to sign the deed before the day of closing. Often times people will be leery of signing it so far ahead of time, but this is simply because it makes the paperwork much easier for the title company when the seller signs the deed ahead of time.  Regardless of when the signing happens, the deed will not be filed until the property closes.

This is a short summary of what happens in the titling process, but if you have any more questions feel free to contact me at (402) 680-2500 or shoot me an email at bill.black@cbshome.com

Video Blogging: Educate Your Customers!

There are many great Omaha area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (402) 680-2500 for a FREE home buying or selling consultation to answer any of your real estate questions.

Video Blogging: Educate Your Customers!

Many of you have been asking about the person who is behind the scenes of my video blog so today, I am putting John from Vyral Marketing on the spot. John has been working with us for about four years; we were one of Vyral’s first clients! “We started here in Omaha and the reason why Frank [Klezits] and I came up with this concept is to give people an educational way to stay in touch with their database,” John tells us. He’s always telling me to look at the camera!

“We want to make sure that people are getting relevant content about their real estate needs,” he continued. This relevant information includes improving your house, the current state of the customer’s specific market and what is currently in that market. These guys came up with a great concept; I even remember when they pitched it to me!

Having a video blog on my website has been great because it allows me to keep you updated on what goes on in real estate. When we did the series on New Construction, we wanted you to understand what the process of buying a home. There are physically 88 things that can go wrong from time we go into contract and when we close. This can be compared to flying a plane; we all want a smooth landing but sometimes we nail it and sometimes we don’t. It’s all a matter of having the best pilot on board!

I’m glad to have Vyral Marketing to help pilot my blog! If anyone wants to use Vyral Marketing to help with their video blog, John explains that they work with a multitude of different services. “Just go to www.getvyral.com and you can see how it works, watch demos, client success stories and a list of the clients themselves,” John said.

When you call Vyral Marketing, make sure you tell them you heard it from us!