Question 1

What does a title company do?

Accepted Answer

Title companies act as a neutral third party to ensure a safe and smooth real estate transaction. They handle paperwork, ensure both parties meet their obligations, and insure the title against any issues.

Question 2

How long does it take to close a land sale?

Accepted Answer

Typically, it takes about 30-45 days to close. This includes the title company's due diligence (7-10 business days), paperwork preparation, and our own property research. This process might take longer if the price of the land is high or there are specific challenges with your property.

Question 3

What happens on the closing day?

Accepted Answer

You'll receive a settlement statement outlining the final numbers. A notary will come to you for signing documents, and you can choose how you'd like to receive your payment. Once both parties sign, the title company releases the funds.

FAQs

What does a title company do?

How long does it take to close a land sale?

What happens on the closing day?