Services
- Real Estate Closing Services
- Residential Purchase, Sale, or Refinance
- Commercial Purchase, Sale, or Refinance
- Deed Preparation
- Estate Planning
- Title Search
- Title Report
- Owner’s Title Insurance
- New Construction Title Insurance
- Mechanics Lien Coverage Title Insurance
Real Estate Closing Services
Closing Services in Alabama
Real estate closing services refer to the process of completing a real estate transaction and transferring ownership of a property from the seller to the buyer. The closing process involves several steps, including the preparation and execution of closing documents, the transfer of funds, and the delivery of keys to the property.
Here at Parker Law, we coordinate and facilitate the closing process, ensuring that all necessary documents are signed, and all required steps are taken to complete the transaction. During the closing process, OTM Title performs the title search to ensure that the property has a clear title and that there are no outstanding liens or encumbrances that would affect the ownership of the property.
The closing process is an important step in the real estate transaction and requires the coordination of multiple parties, including the buyer, seller, lender, and real estate agents. We offer a level of expertise that ensures the process, and the transfer of ownership is completed correctly according to the terms of the purchase agreement.
We provide closing services for all real estate transactions, including but not limited to:
- Commercial Closings
- Residential Closings
- Lake Properties
- Vacation Homes
- Luxury Real Estate
- Farms
- Land
- Investment
- For Sale By Owner (FSBO)
- Refinances
Preparing the Closing Package
Preparing the closing package for a real estate closing involves the compilation of all the necessary documents required to complete the transaction and transfer ownership of the property from the seller to the buyer. We make the process stress-free by preparing the closing package including all the necessary documents and organizing the information accordingly.
The closing package must be comprehensive and accurate, as it serves as the basis for the transfer of ownership. It takes knowledge and experience to properly perform closing procedures. We work diligently to ensure that all the necessary documentation is included, and steps are completed to successfully conclude the closing process to the terms of the purchase agreement.
Our team can assist with closing-related items such as property surveys, municipal letters, HOA letters, power of attorney, clearing title issues, mortgage payoff orders, and more. Talk to our team at Parker Law to discuss our closing services and options.
Flexible Closing Options
Flexible real estate closing options refer to the various methods that can be used to complete a real estate transaction and transfer ownership of a property. In traditional real estate transactions, the closing process usually involves all parties meeting at our office to sign documents and transfer funds. However, with the advancement of technology and the need for greater convenience and accessibility, flexible real estate closing options have become more popular.
These options include:
- Travel Closings
- Drive-by Closings
- Mail-Away Closings
- Video Closings
- In-office Flexibility
The choice of flexible real estate closing options will depend on the preferences and needs of the buyer and seller, as well as local laws and regulations. The use of flexible closing options can offer greater convenience for those who are unable to attend an in-person closing and can help to streamline the process.
Escrow Services
Escrow services refer to the process of holding funds or property in a neutral, third-party account during a real estate transaction. The purpose of escrow services is to provide a level of security and protection for both the buyer and the seller during the process. We act as a neutral third party, holding funds until all the terms and conditions of the sale have been met.
As escrow agents, we are responsible for ensuring that all necessary steps are taken to complete the transaction. This includes verifying that all necessary documentation has been signed, that the title to the property is clear, and that the transfer of ownership has been completed according to the terms of the purchase agreement. Escrow services provide a level of security and help to ensure that the transfer of ownership is completed smoothly and efficiently.
Title Services
Title services are an essential part of the real estate transaction process, providing protection and security for both buyers and sellers. At OTM Title, we are an agent of Stewart Title Company, providing premier title services. Our services encompass a range of activities, including title searches, title insurance, and escrow services. A title search is conducted to identify any potential title issues that may affect the ownership of the property.
Title insurance protects against financial loss or damage resulting from title defects. Whether you are buying or selling a property, title services are essential to ensuring a successful and stress-free real estate transaction. Our team of experienced professionals provides you with the highest level of protection and peace of mind throughout the entire process.
Our title services include:
- Title Search
- Title Report
- Title Commitment
- Title Insurance
- Lender’s Title Insurance
- Standard Owner’s Title Insurance
- Enhanced Owner’s Title Insurance
- Title Rates