When Will I Get My Check From My Title Company?

When Will I Get My Check From My Title Company?

Selling a house or helping someone buy or sell their home if you are a Realtor, can be an exciting time. One of the most common questions we get from Realtors and home sellers alike is “when will I PAID?”

This is understandable as there has been a lot of work and patience to get the transaction done. Plus, you deserve to be rewarded for your efforts!

We make it our priority to pay all the parties involved as quickly as possible, oftentimes the same day the transaction closes. However, this can vary based on the day or time of day the closing occurs. For example, most banks aren’t open past 5 pm and are closed on weekends and Federal Holidays.

That said, here is when you can expect to be paid for your closing or your commission if you were part of helping a transaction become a done deal with Infinity Home Title.

Sellers & Realtors

If you are owed net proceeds from the sale of a house, or a Commission as Realtor, you can usually expect a check to be cut the same or next business day.

Of course, if you are out of town, or request for your check to be mailed, there would be an estimate of an extra day or two to actually receive it.

If you’d like to receive the funds very quickly, it might be a good idea to select a closing date between Monday to Thursday. This way you shouldn’t have to wait until the following week if banks or offices are closed.

Paper Check vs Wire Transfer

It is often assumed that Wire Money Transfers are faster than receiving a paper check. This is almost always the case. However, this isn’t always true. Wire transfers sometimes require more verification on the receiving bank and approvals (due to cyber fraud) and as a result are sometimes delayed by the receiving consumer’s bank. Infinity Home Title can give you a receipt when money leaves our accounts upon request.

Homestead Exemption for Palm Beach County, Florida

In the state of Florida, a $25,000 exemption is applied to the first $50,000 of your property’s assessed value if your property is your permanent residence and you owned the property on January 1 of the tax year. This exemption applies to all taxes, including school district taxes. An additional exemption of up to $25,000 will be applied if your property’s assessed value is between at least $50,000 and $75,000. This exemption is not applied to school district taxes.

When qualifying for the Homestead Exemption, you will need the following documents for all property owners applying:

• Florida Driver’s License or Florida ID if you do not drive
• Florida car registration
• Florida Voter’s ID (if you vote)
• Immigration documents if not a U.S. citizen.

Documents should reflect the address of your homesteaded property. Homestead Exemption also qualifies you for the 3% Cap Save our Homes (SOH)

If you want to E-File (online):

• Go to http://www.pbcgov.org/papa
• Hover your curser over Homestead Exemption
• Click E-File (Apply Online)
• Click on “BEGIN THE FILING PROCESS NOW”
• Click “PIN request”
• Complete the questions to confirm you are eligible for the Homestead exemption.

DID YOU KNOW THERE ARE OTHER PROPERTY EXEMPTIONS THAT YOU CAN APPLY FOR?

The following are exemptions that you can apply for:

• Limited Income Senior Citizen Exemption for Persons 65 and Older
• Widow &Widowers
• Civilian Disability: Total & Permanent Disability, Quadriplegic, Legally Blind
• Living Quarters of Parents or Grandparents Exemption (also known as the Granny Flat exemption)
• Disabled Veteran Exemption
• Veterans 65 or older with combat Related Disabilities
• Total & Permanent Disability for Veterans & Veteran’s Widow
• Active Duty Military Exemption
• Surviving Spouse of Military Veteran who Died in the Line of Duty
• Law Enforcement & First Responder Exemptions
• Institutional Exemption

If you have any questions whether you qualify for any of the above exemptions you can email myexemption@pbcgov.org or contact them at 561-355-2866

Sources:
https://www.ohiorealtitle.com/why-ort/

Check out:
https://caltitle.com/titlelibrary.asp
https://caltitle.com/relibrary.asp