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
Discover essential tips for staging a backyard to sell your home with Stewart: Schutt Law in Fort Myers. Transform your outdoor space to captivate potential buyers.
Title insurance ensures a smooth and secure property sale. Trust Stewart: Schutt Law in Fort Myers for reliable title services. Call us today at (239) 540-7007 to learn more about how we can safeguard your transaction.
Understanding the Importance of Staging a Backyard
Staging a backyard is crucial because it extends the home's living space. A well-staged backyard can create an inviting atmosphere, allowing buyers to envision themselves entertaining, relaxing, and enjoying outdoor activities. This emotional connection can significantly impact their purchasing decision.Start with a Clean Slate
Before you can stage your backyard, cleaning and decluttering are essential. Remove debris, dead plants, and unnecessary items. Trim overgrown shrubs, mow the lawn, and weed flower beds. Pressure wash hard surfaces like patios, decks, and walkways to give them a fresh look. A clean and tidy yard sets the stage for the enhancements to come.Create Defined Spaces
When staging a backyard, creating distinct areas showcasing different uses is essential. Consider setting up zones for dining, lounging, and play. This helps buyers see how they can utilize the space for various activities. Use outdoor rugs, furniture, and planters to define these spaces clearly.Enhance Curb Appeal with Landscaping
Landscaping plays a crucial role in backyard staging. Plant colorful flowers, shrubs, and trees to add visual interest. Use mulch to give flower beds a neat appearance. If you don’t have time for extensive gardening, consider adding potted plants for an instant pop of color. Ensure that all plants are well-maintained and healthy.Invest in Outdoor Furniture
Quality outdoor furniture can make a significant difference in staging a backyard. Choose pieces that are weather-resistant and stylish. A comfortable seating area can help buyers imagine themselves relaxing in the yard. Arrange the furniture to create inviting conversation areas and maximize the space’s usability.Add Lighting for Ambiance
Outdoor lighting is vital in backyard staging, especially for evening viewings. String lights, lanterns, and solar-powered path lights can create a warm and inviting atmosphere. Highlight focal points like trees, garden features, or a seating area with spotlights. Proper lighting enhances the yard's beauty and makes it feel safe and welcoming.Selling your property? Protect yourself with title insurance from a reputable agency. Stewart: Schutt Law in Fort Myers offers expert title services to ensure a hassle-free process. Contact us at (239) 540-7007 to learn more.
Incorporate Water Features
Water features can add a touch of luxury and tranquility to a backyard. A small fountain, pond, or birdbath can create a soothing ambiance. The sound of running water can be very appealing and help mask any background noise. Ensure that any water features are clean and well-maintained.Stage an Outdoor Dining Area
An outdoor dining area can be a significant selling point for buyers who enjoy entertaining. Set up a dining table with chairs and add an umbrella for shade. Dress the table with attractive place settings to create a welcoming scene. This area should be positioned to enjoy natural shade and beautiful views.Use Accessories to Add Charm
Accessories can add the finishing touches to a staged backyard. Think about outdoor cushions, throw pillows, and blankets for seating areas. A stylish outdoor rug can anchor a seating or dining area. Decorative items like lanterns, sculptures, or garden art can add personality and charm to the space.Ensure Privacy and Security
Buyers value privacy and security in a backyard. Consider adding elements that enhance these aspects, such as tall plants, hedges, or a privacy fence. Secure any gates and ensure that the yard is well-lit. A private and secure backyard is more appealing to potential buyers.Keep it Neutral
When staging a backyard, it’s important to keep the decor neutral to appeal to the widest range of buyers. Avoid overly bold colors or personal items that may not align with a buyer's taste. Neutral tones and classic styles can help potential buyers imagine their belongings in the space.Final Touches
Before any showings, do a final walkthrough of the backyard. Ensure that everything is clean, tidy, and in good condition. Water the plants, sweep the patio, and arrange the furniture attractively. Small touches like fresh flowers in a vase or a pitcher of lemonade on the table can add a welcoming feel.In Summary
Staging a backyard can significantly enhance a property’s appeal and value. Creating an inviting, well-maintained outdoor space helps potential buyers envision themselves enjoying the yard. Attention to detail and thoughtful design can turn an ordinary backyard into a central selling point, making your home stand out in the competitive real estate market. Follow these tips to ensure your backyard leaves a lasting impression on every buyer who visits.Don’t take chances with your property sale. Title insurance from Stewart: Schutt Law in Fort Myers provides the protection you need. Call us at (239) 540-7007 to discover how our title services can help you close with confidence.
12601 New Brittany Blvd
Fort Myers, FL 33907
Phone: 239.540.7007
Fax: 239.791.1080
