Tag Archives: title company naples fl

Your Final Walk-Through

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Your Final Walk Through often is your last opportunity to ensure that everything in your home is working, and that the seller has maintained the home as required by the contract up through the date of closing.

This is often the first opportunity to examine the house without furniture giving you a clear view of everything.
Check the walls and ceilings carefully as well as any work the seller agreed to do in response to the inspection. Be sure to check all appliances, garage door opener, security system, and heating and cooling systems to ensure they are working properly.
Any problems you may discover should be brought up prior to the final signing and closing on your property, and may require the seller to complete repairs or provide a credit for the repairs.

Because some negotiation may be involved, it is often best to schedule the walk-through at least one day before closing, and give your professional advisors time to assist you in negotiating the walk-through items. You may also need to have tradesmen complete an estimate for certain repairs to help you decide on an appropriate credit from the seller.

Please keep in mind that some mortgage lenders will not approve credits for repairs. It is good to know generically if your mortgage lender allows repair credits, and will want to consult your loan officer about this long before the walk-through inspection.

In Naples, Florida, First Title & Abstract is the title company of choice for those who want a company with experience in helping buyers and sellers negotiate walk-through issues and complete their closing.

We’ve done it thousands of times, and have the knowledge and experience to assist you, too.

Our attorneys and staff are experts at helping you and your Realtor handle these situations, and we’re glad to offer our experience and assistance.

We look forward to seeing you at closing!

What Can I Expect To Happen On Closing Day?

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What Can I Expect To Happen On Closing Day?

On your closing day, if we’ve done our job right, you will celebrate a stress-free and memorable moment, working with your Realtor, lender, and our dedicated and friendly staff.

We will complete all the final paperwork and handle the signing of the documents required to transfer ownership.

At the closing, you will produce two forms of identification and a notary will verify your identity, and witness and notarize your signature on certain important documents.

Then, you will sign the closing documents, including the settlement state (also called a HUD or CD, depending on whether you have a loan or not.)

Although most of the documents are standardized and cannot be changed, it’s important still to check them with us for accuracy, and to be sure you understand what you’re signing.

At closing, you may also have to tender other items such as your paid homeowner’s insurance policy or a binder and receipt showing that the premium has been paid, a death certificate from a deceased seller, etc.

The closing agent will review again the monies which transfer, and all the closing costs, including mortgage fees, remainder of down payment, prepaid taxes, and so on.

Prior to closing, a walk-thru will have been conducted with your Realtor, and you will already have wired funds for closing.

The seller will provide proofs of any inspection, warranties, appliance information, keys, garage door openers, and so on.

Borrowers will review and sign the note and mortgage, and make sure the deed is prepared in the correct names and with the proper manner of holding title.

The seller will give you the title to the house in the form of a signed deed, a copy of which you’ll receive at closing, and the original of which will be mailed to you 4-6 weeks after closing, once we receive the recorded deed from the Clerk’s office.

Also, a policy of title insurance will be issued and mailed to you with your deed.

Sellers may not actually get closing proceeds the day of closing if the funding of the transaction is delayed for any reason by the buyer’s lender. For this reason, we always recommend closing before a Friday, and not at the end of the day.

The Naples Title Company that is the first choice among real estate professionals is First Title & Abstract, Inc. because we have proved for nearly forty years we are reliable, professional, friendly, and put our customers FIRST!

If you are buying or selling real estate on Marco Island or in Naples, choose the title company hundreds of thousands have come to depend upon — First Title & Abstract, Inc.