SCHUTT LAW FIRM, P.A.
Phone: 239.540.7007
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Schutt Law Firm, P.A. - Attorney Profile
Home Closing 101
Do you know what to expect on closing day?
Most people don’t. And that can lead to some uneasiness. But help is here. The American Land Title Association, or ALTA, has created a website featuring information every homebuyer can use to help familiarize themselves with the closing process before walking into the closing
The Home Closing 101 Site
At Home Closing 101 you will find information you can use to prepare yourself for closing. The site covers topics such as title insurance, escrow fees and closing costs. So when the time comes to sign on the dotted line you’ll feel fully prepared.
Home Closing 101 is especially helpful for first time buyers. Buying a house is an exciting time and the more you know about the process, the more relaxed you’ll be going through it. Spend a little time on the site and you can walk through the home buying process, receiving explanations for each step and helpful hints on how to find the right people to help you on your journey to homeownership.
Click here to start learning about the home buying process.
What Is American Land Title Association (ALTA)?
Founded in 1907, ALTA is the national trade association and voice of the title insurance industry. ALTA members search, review and insure land titles to protect home buyers and mortgage lenders who invest in real estate.
ALTA members advocate safe and efficient transfer of real estate and insist on high standards when searching land title records and preparing insurance documents. The industry seeks to eliminate risk before insuring, which provides homebuyers with the best possible chance of avoiding land title problems. But, title difficulties can and do occur, and members offer both Owner’s and Lender’s title insurance policies as effective safeguards.
Click here to visit the ALTA website.
About Stewart Title Insurance
Stewart (NYSE: STC) is a leading provider of real estate services, including global residential and commercial title insurance, escrow and settlement services, lender services, underwriting, specialty insurance and other solutions that facilitate successful real estate transactions. Stewart offers personalized service, industry expertise and customized solutions for virtually any type of real estate transaction, through our direct operations, network of approved agencies and other companies within the Stewart family. Through a focus on integrity, smart growth and conservative management, Stewart remains committed to serving our customers, innovating and improving to meet their needs in an ever-changing market.
Please click on the link below for more information:
WHY TITLE INSURANCE?
Owning real estate is one of the most precious values of freedom in this country. You want the assurance that the property you are buying will be yours. Other than your mortgage holder, no one else should have any claims or restrictions against your home.
Title insurance is issued after a careful examination of the public records. But even the most thorough search cannot absolutely assure that no title faults are present, despite the knowledge and experience of professional title examiners. In addition to matters shown by public records, other title problems may exist that cannot be disclosed in a search. Title insurance eliminates any risks and losses caused by faults in title from an event that occurred before you owned the property.
Title insurance is different from other types of insurance in that it protects you, the insured, from a loss that may occur from matters or faults from the past. Other types of insurance such as auto, life, or health cover you against losses that may occur in the future. Title insurance does not protect against any future faults, but does protect you from risks or undiscovered interests. Another difference is that you pay a one-time premium for a policy that remains effective until the property is sold to a new owner - even if that doesn't occur for decades.
What is a Lender's Policy?
A lender's policy, also known as a loan policy or a mortgage policy, protects the lender against loss due to unknown title defects. It also protects the lender's interest from certain matters which may exist, but may not be known at the time of the sale.
This policy only protects the lender's interest. It does not protect the purchaser. That is why a real estate purchaser needs an owner's policy.
What is an owner's policy?
An owner's policy protects you, the purchaser, against a loss that may occur from a fault in the ownership or interest you have in the property. You should protect the equity in your new home with a title policy.
What does an owner's policy provide?
- Protection from financial loss due to demands that may be charged against the title to your home, up to the cost of the title policy.
- Payment of legal costs if the title insurer has to defend your title against a covered claim.
- Payment of successful claims against the title to your home covered by the policy, up to the cost of the policy.
Why the seller needs to provide title insurance?
Any purchaser will need evidence that his investment in your property is free of title defects. The title insurance policy that you provide the purchaser is a guarantee that you are selling a clear title to your real estate, unencumbered by any legal attachments that might limit or jeopardize ownership. It will reassure your purchaser that he or she is protected from any risks or losses and could help you close your deal.
Why the buyer needs title insurance?
Without title insurance, you may not be fully protected against errors in public records, hidden defects not disclosed by the public records, or mistakes in examination of the title. As a result, you may be held fully accountable for any prior liens, judgments or claims brought against your new property. If this should occur, your title policy insures that you will be defended at no cost against all covered claims up to the amount of the policy.
How much does title insurance cost?
The insurance commission approves and controls the premiums for title insurance policies. The premiums are paid only once and the cost depends upon the purchase price of the property and the policy amount must be equal to the purchase price.
What does title insurance protect from?
- Fraud
- Adverse possession
- Rights of divorced parties
- Deeds by minors
- Undisclosed Heirs
- Errors in tax records
- False affidavits of death or heirship
- Probate matters
- Deeds and wills by persons of unsound mind
- Conveyances by undisclosed divorced spouses
- Forfeitures of real property due to criminal acts
- Deeds by persons falsely representing their marital status
- Documents executed by a revoked or expired Power of Attorney
- Defective acknowledgements due to improper or expired notarization
- Mistakes and omissions resulting in improper abstracting
- Forged deeds, mortgages, wills, releases and other documents
- False impersonation of the true land owner
Learn effective strategies for advertising your property and attracting buyers. Get expert insights from Stewart: Schutt Law in Fort Myers, FL, to ensure a smooth selling process.
Selling your property can be complex and time-consuming, but effective advertising can make all the difference in attracting potential buyers and securing a favorable deal. In today's competitive real estate market, it's essential to showcase your property in the best possible light and reach a wide audience of interested buyers. This post will explore various strategies and channels for advertising your property, helping you navigate the process and achieve a successful sale.
Ensure a smooth closing and protect your investment with comprehensive title insurance from Stewart: Schutt Law in Fort Myers, FL. Our experienced title professionals will handle all the details, giving you peace of mind throughout the selling process—call (239) 540-7007 to speak to a title pro today.
Crafting a Compelling Narrative
Before diving into specific advertising channels, developing a compelling narrative for your property is crucial. Highlight its unique features, desirable amenities, and any recent upgrades or renovations. Consider the target audience and tailor your message to their needs and preferences. Are you selling a family-friendly home in a quiet neighborhood or a trendy condo in the heart of the city? Understanding your audience will help you craft a message that resonates with them.
Professional Photography and Virtual Tours
In the digital age, visual appeal is paramount. Invest in high-quality professional photographs that showcase your property's best features. Consider hiring a professional photographer specializing in real estate photography to capture stunning images highlighting the property's spaciousness, natural light, and architectural details. Additionally, consider creating a virtual tour that allows potential buyers to explore the property from the comfort of their homes. Virtual tours provide an immersive experience and can significantly increase buyer interest.
Online Advertising: Reaching a Wider Audience
Online platforms have revolutionized the real estate industry, providing unparalleled reach and convenience for buyers and sellers alike. Utilize popular real estate websites and apps to list your property and reach a vast audience of potential buyers. Craft a detailed and engaging description, highlighting key features and amenities. Include high-quality photos and virtual tours to capture buyers' attention. Consider using targeted online advertising to reach specific demographics or geographic locations.
Traditional Marketing: Tried and True Methods
While online advertising has become increasingly popular, traditional marketing methods still hold value. Consider placing a "For Sale" sign in front of your property to attract local buyers. Advertise your property in local newspapers, magazines, and community bulletin boards. Network with local real estate agents and brokers to tap into their network of potential buyers.
Don't let the closing process become a burden. Stewart: Schutt Law in Fort Myers, FL, provides expert guidance and efficient closing services to streamline your real estate transaction. Contact us at (239) 540-7007 to experience a hassle-free closing.
Open Houses: Showcasing Your Property
Hosting open houses is a great way to showcase your property and allow potential buyers to experience it firsthand. Prepare your property for open houses by decluttering, cleaning, and staging it to create an inviting atmosphere. Be available to answer questions and provide information to potential buyers. Consider offering refreshments and creating a welcoming environment.
Social Media Marketing: Engaging Your Network
Social media platforms offer a powerful tool for advertising your property and engaging your network. Share eye-catching photos and videos of your property on social media platforms like Facebook, Instagram, and Twitter. Utilize relevant hashtags and engage with your followers to increase visibility. Consider running targeted social media ads to reach specific demographics or interests.
Pricing Strategies: Finding the Sweet Spot
Setting the right price for your property is crucial for attracting buyers and securing a successful sale—research comparable properties in your area to determine a competitive price. Consider location, size, condition, and recent market trends. Consult a real estate agent or appraiser for a professional opinion on your property's value.
Negotiation and Closing: Sealing the Deal
Once you receive an offer, be prepared to negotiate the terms of the sale. Consider the offer price, closing date, and any contingencies. Consult with a real estate attorney or agent to ensure you understand the legal and financial implications of the sale. Once the terms are agreed upon, work with the buyer and their representatives to complete the closing process.
From contract to closing, Stewart: Schutt Law in Fort Myers, FL, offers comprehensive real estate legal services to protect your interests and ensure a successful sale. Our team of experienced attorneys can assist with contract review, negotiations, title issues, and more. Call (239) 540-7007 to schedule a consultation, and let us guide you through the process.
12601 New Brittany Blvd
Fort Myers, FL 33907
Phone: 239.540.7007
Fax: 239.791.1080
