8315 W. 10th Street, Indianapolis IN 46234. 

You don't need to let the hectic pace of the busy season stress you out, even when it begins with the summer rush. 

You can keep your real estate business thriving during the busy season by making a plan, automating manual duties as much as possible, and obtaining proper support. 

This allows you to enjoy some "me time." We conferred with many real estate experts and agents to understand the best productivity tips. 

The Best Productivity Tips For A Real Estate Business On Hectic Season

Here are the real estate business tips you can consider when you are in a busy season in your business:

1. Work With A Virtual Real Estate Assistant

Real estate virtual assistants are a lifesaver, and they don't have to cost an arm and a leg. In reality, a knowledgeable real estate assistant works as a third arm for your business, keeping day-to-day tasks moving. At the same time, you concentrate on the bigger picture.

Some outsourcing businesses spend a lot of emphasis on the real estate industry; their assistants have the necessary training. This lets your VA start immediately with client leads, assistance, title insurance, escrow, and closing documents.

2. Use Streamline Printed Materials

By having your designer or VA send to the printer and your credit card on file, you can save time by sending postcards for open houses and one-sheeters that purchasers take with them. Instead of uploading lists and sending specs, many printing companies can produce and mail on demand. Use a trusted print and mailing provider.

real estate agents working together

3. Make Time Blocks And Break Times

When everything works without a schedule, no one can successfully run a business and operate continuously around the clock. Plan your day with time blocks for the things you must do, as well as breaks for meals, stress relief, and other leisure moments. 

You have enough time to look after yourself. Even the most hectic among us do. You can concentrate better and get more done for the rest of the day after those 15 minutes of downtime. Additionally, it gets easier to maintain consistency as you get into the practice of taking breaks.

4. Make Follow-Up Emails Automated

Technology intimidates many people, particularly when it comes to databases and code. Depending on whether a buyer lead has become a client, you may configure the email flows to send a different email automatically.

Send a follow-up email a year after closing. This keeps them in mind and gets referrals. This automation is simpler to use than it may seem and works for you 24/7, so you can concentrate on your clients rather than lead follow-up.

5. Make A Template For The Documents You're Tired Of Making

Templatize client-specific documents. Dynamic inserts can often contain specific paragraphs or pages in a PDF. After templating, enter the client's name and property details. Copy and paste or use an automated system to insert content if everything else is the same.

By doing the above best productivity tips, you can save a lot of your time in your real estate business.

What other productivity tips do you recommend for fellow real estate agents?

Build-to-rent, also known as "BTR," is a real estate investing strategy in which an individual or organization purchases land to construct one or more residences to lease them out on a long-term basis. 

This strategy differs from the build-to-sell strategy in that the investors will keep ownership of the properties they purchase to generate passive income.

Why Build-To-Rent Is Bound To Make An Impact In A Buyer’s Market?

Build-To-Rent is a wonderful alternative in a buyer's market compared to a fix-and-flip investing plan since it allows you to build the home and produce revenue, then sell it whenever the market turns back in favor of the sellers' advantage.

You are not restricted to constructing a single dwelling if you build-to-rent it out. More prominent companies will purchase extensive tracts of undeveloped land to build entire communities of rental homes and, in some instances, entire neighborhoods. 

In addition, with a build-to-rent plan, you are not restricted to constructing only single-family houses. You can also build:

What Are The Benefits Of Build-To-Rent Projects?

The investor benefits in several ways regarding more substantial build-to-rent projects. Because the investor controls the land, they can provide amenities that allow for higher rentals, such as playgrounds, pools, onsite management, and other things. And because the tenant is renting inside a community, it becomes more of a lifestyle, benefiting the individual, which means the investor will see less turnover compared to a standalone house with no amenities or a feeling of community.

You won't have to worry about uncovering damaged foundations or decaying frames when constructing to rent, which is another advantage of this business model. You can begin with energy-efficient appliances and windows, incorporate solar panels and other cost-reducing supplies, and more. This makes it simpler to make a profit more quickly and reduces the number of hurdles that need to be overcome to have a property ready to be put on the market. 

three houses in peaceful neighborhood with car

Builder warranties also provide additional peace of mind. This is because the warranty may cover the cost of repairing problems with the house that the builder causes during the first few years after purchase. This approach will save you money compared to the expenditures associated with maintaining a fix-and-flip paradigm.

However, building to rent as a real estate investing method has significant drawbacks. Because the upfront costs are typically higher and you're not selling for an immediate profit, the ROI on this investment may be lower than a fix and flip. A title check can help you avoid problems like finding out that some property is not designated for residential use. 

Last but not the least, ensure there are no bylaws prohibiting a set number of rental units if you're purchasing a plot of property that already has a community. The build-to-rent method won't work out, so you'll have to sell the land again or build to sell. If you know tenants prefer to rent to buy, such as if you are close to a military post, building to rent is an excellent real estate investing plan.

When purchasing a home, you probably didn't think about the potential of a previous owner's claim or lawsuit. A title company will protect you from this risk while a title insurance will cover your risk, not your deed. Title insurance, title search, and settlement services from a title business guarantee your property rights.

Indiana Title Company

Title companies can assist you in avoiding property ownership conflicts. The Indiana title company confirms that the seller can sell the property. Title insurance protects homeowners and lenders from title claims from prior owners. In addition, a title represents your legitimate ownership, use, and management of the real estate. To transfer possession of a home lawfully, you must ascertain that the title is clear of errors and unencumbered, which indicates that no other parties have a claim to the property.

Indiana Deed vs. Indiana Title Insurance

Having a deed doesn't protect you from claims by prior owners. Only title insurance covers title claims, flaws, and encumbrances. To own a home, you need a deed and title insurance.

Indiana Escrow company vs. Indiana Title Company

Title companies protect you and your lender from title flaws. In contrast, escrow companies handle the money used to buy the home later. Escrow officers check loan and contract documentation, advise parties of closing timelines, distribute closing cash, and order title and property documents. Escrow officers in certain states are attorneys or title officers.

What Steps Does A Indiana Title Company Take Before Providing Title Insurance?

An Indiana title company must conduct a title search on the property to see whether there are any title flaws or encumbrances before it can provide title insurance. Here are the steps:

  1. They first research public records errors, liens, and encumbrances.
  2. Verifying the boundaries, legal description, and easement property.
  3. Investigating forgeries, impersonations, illegal deeds, and missing heirs.

Note that title search verifies property ownership and confirms that the seller can sell the residence. Before granting title insurance, a title company searches the "chain of title"—the home's ownership history—and finds all title flaws and encumbrances.

What Is Done By An Indiana Title Company After A House Closes?

An Indiana title company can assist with pre-closing modifications like loan amount or cosigner addition. Title officers will update the paperwork. If you put your property in a trust, LLC, or partnership, a title officer must evaluate legal paperwork to ensure they meet title insurance criteria. A title officer will check your ID at closing.

The Best Way To Pick An Indiana Title Company

You should look around for the best deal if you live in an area without set title insurance rates. Use recommendations from friends, family, or a real estate professional. Finding a title company with excellent customer service and reviews is crucial since your rights as a homeowner are at stake. 

Additionally, try to combine the owner's and lender's insurance coverage whenever possible to save money. Finally, think about haggling the amount of the title insurance with the seller at closing. However, if you're in a competitive market, proceed with caution.

There are charges involved when closing a home and normally, it is expected to range from 3% to 6% of the purchase price for homeowners. The title fee is among the major expenses.

In this post, we'll discuss what title costs are, who is responsible for paying them, and their price in the home-buying process.

But First, What Are Title Fees?

The right to possess and utilize the property is known as the title. Among the costs included in closing costs are title fees. With the money from these costs, the title company will examine, verify, and guarantee the property's title.

Any potential title problems, such as encumbrances or liens, will be found by the title company through a title search. The business can then make any necessary adjustments and guarantee the accuracy of its findings.

You'll discover that there are several fees related to your title that can change depending on your circumstances. Getting your mortgage authorized can provide you with a fair ballpark idea of your overall closing costs and help you sort through the uncertainty if you're unsure of what to expect.

What Title Fees Does A Seller Pay?

Many costs associated with titles are referred to as title fees. The particular charges a buyer or a seller pays are determined by their unique circumstances and the specifics outlined in their purchase and selling agreement.

Here are a few typical fees, what they cover, and rough estimates of their expenses:

Title Search Fee

A title search is a procedure used to look up the owner of a piece of property by looking through public data related to it. Additionally, the search discloses any claims or liens against the property and may turn up any liens or claims that the present owner is not aware of.

Depending on the property's location, the cost of a title search might range from $75 to $200. Usually, the existing owner includes this cost in their selling expenses.

couple owning new home holding key

Title Settlement Fee

The title firm will impose a fee known as a title settlement fee or a closing fee to pay closing-related administrative expenses. The specific costs of the charge may or may not be listed by title companies.

The expenses covered by the title settlement fee, which may vary, often include escrow (processing and disbursement of cash) fees, survey and notary fees, deed preparation fees, and other expenses related to a title search. The settlement fee might also be incorporated into other costs, such as legal expenses. 

Curious about what your title fees might cover? Click this link to talk to one of our specialists today!

Owner’s Title Insurance

The owner's title insurance shields the owner from any claims or liens on the title that the title firm overlooked, up to the purchase price of the property, similar to the lender's title insurance mentioned above.

Owner's title insurance will shield you if you purchase a home and two years later a relative of the former owner appears with a deed claiming ownership of the property. If not, you would still owe on your mortgage and lose the entire house.

Owner's title insurance is optional, unlike lender's title insurance, but it is recommended. Extra security is provided for a considerably lower cost than if a later-appearing unknown claim were to affect your title. It lasts as long as you own your home, unlike a lender's title insurance policy.

Attorney Fee

You will have to pay attorney costs if you hire a real estate lawyer (which is necessary for many areas). The cost of the lawyer reviewing the documents, including the title to the property, is covered by these costs.

Abstract And Recording Fee

The title search from the title company is summarized in the abstract. It gathers the information from the formal documents and the search's specifics and conveys it succinctly. The cost of a title abstract might range from $200 to $400 for an update to $1,000+ if a new title abstract needs to be prepared.

Deeds and other formal documents that are filed with your county's public records must pay recording fees. This fee's average cost across the country is about $125.

These are just some of the fees covered when closing a home. To learn more about your options, closing-related expenses, and more, just leave a comment or visit our website.

Closing” is the final part of the buying process where all necessary documents are signed, money is exchanged, and house keys are given out. Also called “settlement,” this stage includes the buyers and sellers, their brokers, and attorneys, as well as a person in control of the procedure (the settlement agent). The title company and title agency are additional players before or during the closure. 

In this post, we will define some key roles as they all play a factor in the closing process. 

Title Insurance

Title insurance protects the mortgage lender in case there’s a problem with the title of the house. For instance, another party files a claim against the property.

On the other hand, the buyer may also have this; however, it’s optional. Meaning, you can choose not to have title insurance although it’s recommended since it might protect you from financial losses or potential damages caused by a bad title.

Title insurance is always required by lenders, but buyers are free to opt-out.

If you want to learn more about title insurance, how it works, and whether you need it or not, click the link to read our recent post about it.

Who Is Involved In Title Insurance?

The parties involved in title insurance are the following:

Title Company

Is the title company the same as the settlement company? The answer is no.

Purchasers, builders, developers, and lenders can obtain title insurance directly from and be directly underwritten by a title company, such as IndyLegal. One thing to note is that the title company may or may not be involved in the real estate closing.

Usually, the title company frequently acts as an independent agent for a title insurance business and issues title insurance policies on its behalf. While an underwriting firm receives the actual insurance premium and assumes the risk of any loss under the policy, the title company just facilitates the paperwork for issuing the policy.

To learn more about what we offer here at IndyLegal and how we can help you, you may call us at 317-214-6023 or click this link.

Title Agency

A subcontractor who represents the title company in a real estate transaction is known as the title agency. 

Before a title business releases the insurance coverage, a title agency underwrites the title. In place of the title corporation, one of the many small title agencies that exist across the U.S. will attend the closing. Purchasers of real estate can select the title agent or title business they want to work with.

When it comes to the policy, any flaws that are discovered throughout their investigation will be covered by this coverage. The price of insurance is frequently incorporated into the closing fees for a property, and the majority of lenders need title insurance before a sale is completed.

The Settlement Agent

So, what does a settlement company do?

The settlement agent is in charge of the closing procedure.

The title agent or title business, as well as a real estate agent, mortgage broker, builder, lawyer, or bank, may serve as the settlement agent. Their role includes but is not limited to ensuring that all necessary documents, including the loan agreements, are signed, money is transferred, and escrow payments are released. They also give the homebuyer the option to purchase a title policy and guarantee that the lender's title policy is carried out.

Take note that the title company, title agent, and settlement agent might be a single participant or from different organizations.

Difference Between Independent And Affiliated Settlement Agents

A real estate agent, mortgage broker, home builder, or a bank are examples of settlement service providers. A settlement agent or title agent may be an independent third party or an affiliate of one of these entities. 

An affiliate is a company with one or more service providers that receives compensation from the agent, who in this case is the settlement service provider. Although the Real Estate Settlement Procedures Act (RESPA) forbids them, referral fees and kickbacks in the real estate industry nevertheless exist. 

To persuade the house buyer to choose the associated agency for settling/closing the transaction, the affiliated agent may provide a kickback in exchange for a referral from a settlement service provider. The settlement service may occasionally own a portion of the settlement or title agent.


A settlement agent that works independently of a settlement service provider is not connected to them and doesn't get paid extra for referring clients. Instead of using kickbacks, independent agents gain business due to the caliber of their services. Due to the referral fee that is incorporated into an associated agent's cost structure, consumers typically pay less for the services of an independent agent.

Independent agents do not perform one-stop shopping agreements and other cooperative ventures with settlement service providers. The fact that independent title agents make underwriting decisions based on good principles and without being influenced by referral fees is another advantage of their independence. Remember that the risk of a bad title does not fall on the kickback beneficiary; rather, the title agent is accountable for those risks.

You have the right to request an independent title agent rather than one who is affiliated with or suggested by a settlement service provider.

IndyLegal proudly serves buyers and sellers, banks and lenders, builders, developers, commercial agents and brokers, real estate brokers, and relocation companies in Indiana since 2008. If you want to learn how we can serve you better, contact us today.

8315 W. 10th Street
Indianapolis IN 46234

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