Selling your home can be one of the most stressful processes you can go through, especially if you run into any kind of title issues that can make the already daunting process seem even more overwhelming.
Title issues can come up during a sale for any number of reasons. In this guide, we’ll walk you through some of those reasons and give you some ideas on how to resolve title issues.
What Are The Most Common Title Issues?
There is a wide variety of property title issues that can unexpectedly arise and get in the way of the sale of your home. Let’s take a look at some of the most common issues and their causes to better understand them and how to resolve title issues.
Public Records Inaccuracies
Mistakes happen. Any kind of mistake dealing with clerical errors or filing issues can cause issues during the sale process. This is a title issue that you can take a proactive approach to prevent by getting all of the proper paperwork necessary to complete the sale of your home before the time to sign comes.
Liens
If any kind of lien is placed against your house, you will need to make sure that is settled before the sale process concludes. Completing a title search during the escrow period is the easy way to find any liens that may prevent the sale of your home.
Boundary Issues
Ensuring that the property you’re trying to sell is clearly defined is paramount. You don’t want to get well into the sale process only for a neighbor to raise a dispute over part of the land you’re trying to sell, or find out part of it is public land.
Missing Heirs
If your home belonged to someone who passed away before selling it, they might have family who can come forward later on and claim entitlement to the house and property.
Illegal Deeds
If anyone who signs a deed is of unsound mind, under the age of 18, or an illegal immigrant can make the deed to the home and property illegal. If this issue crops up during the sale process, it usually means that attorneys will have to get involved to help resolve them.
Easements
If there is an easement on part of your property to allow someone else access that you are unaware of, this can lead to the sale process being held up until all parties involved in the dispute sign off on it.
Missing Wills
If you bought a home in probate after its former owner passed away and their will turns up any time thereafter, it could make selling your home a real hassle. There are various kinds of title insurance to help protect homeowners against these kinds of scenarios.
What Are My Options When It Comes To How To Resolve Title Issues?
If you’ve run into any kind of title issues during the sale of your home, there are a variety of options available to you that you can choose from.
Hire A Title Company
Title issues can get complicated quickly. They often require very specific knowledge of how to resolve them, and there are many companies out there who specialize specifically in how to resolve title issues.
Hire A Real Estate Attorney
If your title issues are particularly tricky, you may find yourself in need of a real estate attorney to sort through the options and help you navigate through them. It’s never cheap to hire an attorney, however, and the more complicated the problem, the more it’s going to cost you to keep them working for you.
Sell Your Home To A Home Investor
Many home investment companies will assume responsibility for resolving any title issues upon the purchase of your home. They’ll make you a fair cash offer for your home, and relieve you of the process entirely.
Will A Home Investor Buy My House?
Yes! Home investors are known for buying homes under a variety of circumstances to help relieve homeowners of any burden. They make cash offers for houses, usually within 24 hours of a tour and inspection, and assume the responsibility of fixing any damage and resolving any title issues that may come with the property.
Are There Any Home Investors In Arizona?
Indeed there are! Go Fast Offer is buying homes all across the Copper State, including the following locations:
If you’re looking to sell a home in Arizona, get in touch with them today! They’ll set up an appointment to take a look at your home, and then they’ll make you a cash offer. After that, they will close the sale as quickly as they can, in less than 14 days in most cases, and you will be paid in full.
If your home requires repairs or has a complicated title issue, it makes no difference to Go Fast Offer; they’ll pay you fast cash and relieve you of the whole thing. So contact them now and get on your way to getting fast cash for your home!
How To Resolve Title Issues – FAQ
Is There Insurance To Prevent Title Issues?
In some cases, yes. You can purchase insurance that will provide you protection against lost wills and missing heirs that may cause problems for you and the title to your house down the road.
Will Go Fast Offer Handle My Title Issue?
In almost all cases, they will. For example, they will buy your house from you directly for cash and even pay up to 70% of your home’s market value. In addition, they’ll handle all repairs, title issues, and any other outstanding issues that may need to be resolved.
Can A Real Estate Agent Handle My Title Issue?
In most cases, yes. However, the time and effort that it takes to fix any issues that may arise could lead to you paying your agent a higher rate, or even cause the sale of your home to fall through. This would cause it to have to be re-listed on the market again, and the process starts all over.