Get peace of mind BEFORE you sign!

To a real estate professional, homebuyer or seller, a real estate closing represents a monumental or incremental step in our personal and/or professional development. For a lot of us, this could be the biggest single purchase we ever make in our lives. The idea of owning your own home is the cornerstone of the American dream. Of course, we'd like this process to move effortlessly, from locating the perfect property to signing on the dotted line; however, the journey into property ownership, while fulfilling, can be a nerve-wrecking process. As a 20+ year veteran in this industry, I've definitely seen my fair share of harrowing tales!

Let me give you an example:

As a homebuyer, you have searched the listings in the market and found the perfect property for you. You've located the owner, offered to purchase and secured the contract. Great job! You deposit your earnest money and submit your contract. Closing is a mere 45 days away.

But, a few weeks after submitting your contract to the title company or attorney, you get a very unwelcomed email from them stating there's a problem with the title that has to be addressed before you can close on your purchase. It turns out that the seller who signed your contract did not inform anyone that his mother was on title and she has long passed away. The problem is: her estate was never probated! Since the issue is with the seller's title, your standard options are to wait until the matter is resolved (4-6 weeks) or terminate your contract. You decide to wait (because this is the perfect property!).

The costs associated with waiting begin to surmount:

* Earnest money deposit (held in escrow) - Ex. $5000

* Appraisal and Inspection costs - Ex. $900

* Loan application and credit report - Ex. $400

* Loan rate extensions - Ex. $750

* Termite/Radon/Lead inspection reports - Ex. $50

* Survey - Ex. $500

Possible total expended - $7600+

(and this is before you sign on the dotted line)

WOW 😮

But what if you could've known about this issue BEFORE you signed the contract and became invested? Would that have changed your negotiation and possibly your bottom line? The answer is YES!

Since money has a time value, prior knowledge of conditions such as this, can save you Time, Energy, Effort and MONEY. With the right information, you can make informed decisions on what is worth the wait and what's not. Cue THE DATAM GROUP!

We offer:

* Title summaries to uncover liens, judgments, past due taxes, unresolved interests, etc.

* Title Clearance

* Estimated Closing Statements

Armed with actual knowledge and constructive advice on clearing whatever ails the titles on your potential closings, you will move faster and more seamlessly through the closing process.

Save the T.E.E.M.!