Closing Tips

Closing Company or Title Company … What’s the Difference?

Real estate shouldn’t be so complicated and intimidating. It’s just people paying money to other people to buy something. Not exactly rocket science. One thing making it difficult is that there always seems to be more than one name to refer to the same thing. It happens all the time. Your REALTOR starts talking about the “title company” … but then your uncle asks you who your “closing company” is. What gives? Do you need both? Are they the same thing? Let’s clear up the confusion – what’s the difference between a title company and a closing company?

Closing the Wholesale Deal

Real estate wholesalers live life in the middle. As a wholesaler, you straddle a delicate bridge between the seller and the end buyer. It can be a precarious position. As with most real estate transactions, it all comes down to the closing table. That’s when everyone gets paid, including you. As such, it’s critical to understand the two different types of closings available to you as a wholesaler — assignment closings and double closings. 

The Buyer’s Closing Checklist

The closing stage of the homebuying process is a major milestone. Itis the final hurdle before the house is finally yours. Before you can officially take ownership of your new home, you and the seller will need to review, authorize, and sign a number of documents. These are the steps that comprise the closing process. Then, on closing day, you will become the legal owner of your new property.

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