An important element of good communication is being proactive. In a real estate transaction, there are many issues that can be handled preemptively to keep your clients’ closings moving along smoothly. Here are some common items that should be communicated at the beginning of a transaction:
- Will there be a lender providing financing? If so, whom?
- Will any party be using a power of attorney?
- Has there been a change in marital status?
- Are any of the parties in title deceased?
- Is the property involved in a 1031 tax-deferred exchange?
- Will the property be transferred into or from a trust, partnership, corporation or limited liability company?
- Do any of the parties signing not have a government-issued photo ID or driver’s license?
- Will the buyer’s name be changed in any way?
- Has there been any construction on the property in the last six months?
- Is there a mobile home on the property, and does it need to be made into real property?
- Will your client require a courtesy signing or mobile notary, or will they be able to attend a signing at our AmeriTitle office?
If your clients answer ‘yes’ to any of these questions, connect with your local AmeriTitle escrow officer right away.