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Understanding the Purchasing Process

Understanding the Purchasing Process

As a new home buyer, purchasing land or a house may seem like a daunting process. However, understanding the history and legal process behind purchasing land can make it less confusing. Crossland Title Inc. is here to help you navigate the title transfer process and make your real estate closing a success.

Real Estate Ownership History

The history of purchasing land dates back to the 17th century. At this time, the land was mostly acquired through royal grants or by homesteading. The Homestead Act of 1862 made it easier for settlers to acquire land, leading to a boom in western expansion. Gradually, states began to regulate land transactions through various laws and acts. Today, purchasing land is a legal process that is governed and regulated by the government.

United States Regulations

In the United States, purchasing land is a legal process that is supervised by the government. Land transactions are recorded by county or city governments, and title companies, such as Crossland Title Inc., help parties involved in a real estate transaction to ensure that the sale is legitimate and enforceable. The government regulates the creation, transfer, and ownership of land, and the buyer must have a clear and legal title before taking possession of the property.

Real Estate Closing

During the real estate closing process, parties involved in the transaction come together to finalize the sale. The closing process is a series of legal procedures that ensure the transfer of ownership from one party to another. During the closing process, the buyer and seller sign an agreement that outlines the terms of the sale. The buyer pays the seller, and the seller signs the deed over to the buyer. The deed is then recorded, and the buyer becomes the legal owner of the property.

Crossland Title Inc.

Understanding the history and legal process behind purchasing land can make the process much less intimidating. Crossland Title Inc. is committed to helping you navigate the title transfer and real estate closing process to make your experience as smooth and efficient as possible. Our dedicated team will work with you each step of the way to ensure that your sale is handled with professionalism, expertise, and care. Choose Crossland Title Inc. for all your title needs and real estate closings.