Timing is important when it comes to title insurance and closing on a commercial real estate transaction. But selecting a closing date and time is not something a lot of people consider. In this article, we’re going to discuss how to pick the best time to conduct your commercial closing.
Choosing a Closing Date & Time
Most closing dates for real estate transactions occur near the end of the month. As a result, many people simply assume that this when they should or have to schedule their closing. But that’s not always the case. Theoretically, you can close on your property whenever you wish. Certain factors may narrow down the window for your closing, but you certainly don’t have to close at the end of the month.
Furthermore, it may be to your benefit to close earlier in the month. End of month is always a busy time for a title company. Closing earlier in the month will likely result in better service from your title company.
Finally, closing early can also help you prevent or avoid potential issues that may delay your closing (such as deaths, fires, natural disasters, and more).
Commercial Partners Title Company
At Commercial Partners Title Company, we have decades of experience underwriting title insurance for our clients in Minnesota and across the United States. We are recognized as experts in commercial title insurance around the country. With our team of title closers, underwriters, and attorneys by your side, you can rest assured that your commercial transaction is in good hands. Contact our title experts at our downtown Minneapolis office today to learn more about the full extent of services we provide and talk about your commercial transaction.