ResourcesWhen it comes to real estate transactions, there are a lot of important details that need to be taken care of. This is where Galaxy Title & Escrow comes in. We are a title company located in South Florida that specializes in a variety of services, including:

While each real estate transaction is unique, there are some common steps that you can expect to go through when purchasing a property. With our international clientele, we are prepared to meet demands in English, French, and Spanish. 

Galaxy Title & Escrow pride ourselves on our personal approach and attention to detail. We understand the importance of having a title & escrow company you can trust, which is why we go above and beyond to provide the best possible service.

When Would I Need a Title & Escrow Company?

You would need a title & escrow company anytime you are buying or selling property. The title & escrow company is responsible for making sure that the title to the property is clear and that all of the necessary paperwork is completed.

What Is A Real Estate Transaction Timeline?

A real estate transaction typically takes 30-60 days to complete. The timeline can vary depending on:

  • The type of property
  • The location of the property
  • The complexity of the sale

Why Is Each Step In The Process Important?

Each step in the process is important because it helps to ensure that the transaction goes smoothly and that all of the necessary paperwork is completed. galaxy title & escrow services can help to make sure that everything is done correctly and on time.

If you’re ready to begin your real estate transaction, contact galaxy title & escrow today! We would be happy to answer any of your questions and get started on making your dream of owning property in South Florida a reality.

What Should I Look For In A Title & Escrow Company?

When you’re searching for a title & escrow company, it’s best to find one that has a good reputation and is experienced in handling transactions in South Florida. Galaxy Title & Escrow has been providing quality services to our clients for many years, so you can be confident that we will take care of everything for you.

What Makes South Florida A Great Place For Real Estate?

South Florida is a great place to invest in real estate for a number of reasons. The warm climate is a major draw for many people, as is the proximity to the beach. The area also has a strong economy and is home to many businesses and cultural attractions. Galaxy title & escrow offers a full range of services to make your real estate transaction as smooth and stress-free as possible.

In 2021, the median single-family home price in the state of Florida was 348,000 U.S. dollars, up from 145,000 U.S. dollars in 2012. Despite this consistent growth in home prices, the volume of single-family homes sold in the state stagnated between 2015 and 2018.

Miami’s hot housing market, fueled by domestic and international homebuyers, ended 2021 with 39,394 existing total home sales, up 49.5% from the 26,345 transactions in 2020 and 31.1 percent from the previous annual record of 30,041 transactions in 2013. Miami’s dollar volume of sales will reach $30.3 billion in 2021, a 103.4 percent annual increase.

Broward ended 2021 with 40,423 total home sales, a 28.4 percent increase over the previous year and a 19.3 percent increase over the previous annual record of 33,891 transactions set in 2016. Broward also set new annual records for single-family home sales (18,565) and condominium sales (18,565). (21,858).

Palm Beach County lies directly north of Broward County and Miami-Dade County. It is ranked 18th on Bloomberg’s latest list of the richest places in the country, based on U.S. Census data for average household income. According to a 2019 census report, the county had a population of 1,496,770, making it the third-most populous county in the state of Florida and the 25th-most populous county in the United States.

What Should Real Estate Buyers and Sellers Know About South Florida?

Real estate buyers and sellers in South Florida should be aware of the steps involved in a real estate transaction. The process can be complex, so it’s important to have a trusted title & escrow company like Galaxy on your side.

We understand how important it is to have a title & escrow company you can trust. That’s why we take pride in our work and always put our clients’ best interests first. We also know that the real estate transaction process can be confusing and overwhelming. That’s why we’re here to guide you through every step of the process – from start to finish.

Here is a brief overview of the real estate transaction timeline and why each step is critical:

  • Offer accepted: Once you’ve found a property you’re interested in and made an offer that has been accepted by the seller, it’s time to start working with a title company. The first step is to order a title search, which will help ensure that there are no outstanding liens or judgments against the property.
  • Loan application: The next step is to apply for a loan. Your loan officer will work with you to get all of the necessary paperwork in order.
  • Appraisal: Once your loan has been approved, an appraiser will be assigned to assess the value of the property. This appraisal will be used by the lender to determine how much money they are willing to lend you.
  • Home inspection: A home inspector will check for any major problems with the property that could potentially cost you money down the road.
  • Insurance: You will need to purchase homeowners insurance to protect your investment.
  • Closing: The final step is closing, where all of the paperwork is signed and the Property Owners Association (POA) is given their due diligence fee. At this point, you will be the official owner of the property!

The first step in any real estate transaction is the purchase agreement. This is a legally binding contract between the buyer and seller that outlines the terms of the sale. Once the purchase agreement is signed, the next step is to obtain a title search. This is done to ensure that there are no outstanding liens or other encumbrances on the property. If everything looks good on the title search, the next step is to obtain title insurance. This protects both the buyer and seller in case there are any problems with the title.

The next step is to open escrow. This is a third-party account that holds all of the funds involved in the transaction. Once escrow is opened, the buyer and seller will sign all of the necessary paperwork. The final step is to close on the property. This is when all of the funds are transferred and ownership is officially transferred from the seller to the buyer.

Galaxy Title & Escrow can help you with all of these steps. We are a full-service title company that can handle everything from purchase agreements to title insurance to closing on your property. Contact us today to learn more about our services!

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    Mitchell Issa (Reviewer)Resources