GSAP highlights the various title defects that delay the closing of a deal

 Sell My House Fast - GSAP: Title issues in a home sale

Greenville, United States - /Sell My House Fast Greenville -Spartanburg-Anderson-Pickens/

Which title defects can hamper the sale of a home?

Home sellers often find themselves caught up in the tedious, complicated, and uncertain process of selling their homes. They invest time and energy to repair the flaws, market the house, conduct staging events, and negotiate with potential buyers. Despite making all these efforts, a deal often falls through because of some title defects that emerge at the last moment. Sell My House Fast - GSAP, a cash buyer in Greenville, discusses the common title issues that home sellers must be aware of and should resolve in time to avoid losing a deal. 

 A 'title' is defined as a bundle of rights that arise from the lawful owner of the property. Home sellers can arrange for an early title search to review the history of the house owners as well as any claims or liens on the property that can affect the sale of the property. This helps avoid any unpleasant surprises for the buyer and the seller at the last moment.

1. Liens

A lien is a claim or legal right against assets that are typically used as collateral to satisfy a debt. In case a borrower fails to meet the obligations of a contract or loan, a lien provides a creditor with the legal right to seize and sell the collateral property or asset of the borrower. The owner cannot sell the property that is the subject of alien without the consent of the lien holder. When the lien is not being paid, a home may be foreclosed. 

2. Missing heirs or undiscovered will

Sometimes, a house is sold without the knowledge of its heirs, who may have been missing then. When this house is being resold, the missing heirs can turn up to claim their right on the house and hamper the sale of the house. The title is compromised when the current home seller unwittingly buys a home without the knowledge of any rightful heirs of the previous owners. 

3. Public record errors

Clerical and filing errors at the last moment can jeopardize the closing of a deal since correcting these errors can take a long time to fix. Home sellers should conduct a title search, in the beginning, to ensure such errors don’t turn up later. 

4. Survey and boundary disputes

No buyer wants ambiguity when it comes to the property boundaries. This is where a survey can help make things crystal clear. By helping decide the boundary line, a survey ensures there are no unexpected claims on the ownership of the property after the deal has been closed. 

5. Unknown easements

An easement is a "nonpossessory" property interest that allows the holder of the easement to have a right of way or use property that they do not own or possess. Even though this does not mean a financial crisis for the buyers, it can become a bone of contention later on. If any easements are discovered in the beginning via a title search, home sellers must resolve them at the earliest, so their deal goes through. Resolution of these easements may be quick or may require extensive planning and tedious legal processes. Home sellers may need to invest some time and money to resolve this issue. They must ensure that the paperwork is impeccable.

Title issues can be a very tricky business besides being time-consuming and expensive for home sellers. But these title issues are not something a home seller can escape. Unless they choose to work with a cash buyer like Sell My House Fast - GSAP, who will simply review the property, make a cash offer, and close the deal within two weeks. No paperwork headache, no repairs, no hassles at all.

Why Sell My House Fast - GSAP?

Sell My House Fast in Greenville, Spartanburg, Anderson, and Pickens makes home selling easier than ever before. The company buys the home fast, renovates it, and sells it. By eliminating the middlemen such as agents, banks, and inspections, the company saves the home sellers a lot of money and hassle. Homesellers can receive “cash for your house” offer swiftly by following 3 simple steps:

1. Fill out the form - the home sellers can request their cash offer by filling out the form with contact information or directly calling the team.
2. Receive cash offer - the company will schedule a property viewing and make a fair, no-obligation offer, all-cash offer within 24 hours.
3. Choose closing date - Within 14 days of accepting the offer, the company can close escrow and transfer the money to the home seller.

To sell your house fast, call Sell My House Fast GSAP at (864) 428-9197 or email at myles@sellyourhomeupstate.com