Closing costs are the fees associated with buying and selling a home. They may be incurred by either the buyer or seller. Here’s what you should know about the various fees and whether the buyer or seller pays. Closing Costs For Homebuyers Aside from the down payment and earnest money the buyer is responsible for …
Which Closing Costs Are Paid By The Buyer & The Seller. Read More »
Are you looking to buy a gorgeous waterfront property or invest in and flip something along the Chesapeake Bay? If so, you likely have questions about critical areas in Maryland, specifically what you can and cannot do when it comes to landscaping and natural vegetation. Let’s face it, part of the experience of living on …
Maryland Critical Areas, Landscaping & Your Home – What You Need to Know. Read More »
A title commitment is a document from a title company that says the property you are buying will be able to have a title insurance policy after you close the sale. The document you are provided with contains the same information that will be include in the actual title insurance policy, but it is not …
If you’re considering purchasing real estate, be it a home, land, or commercial property, your first inclination may be to seek financing through a lender. However, in some cases, a land contract may also be an option. A land contract is a form of financing that allows buyers to make regular payments directly to the …
A Seller’s Net Sheet is a document that calculates how much money one can expect to have when the sale of their home is final. Seller Net Sheets factor in all of the fees and expenses that occur in the process of the sale, leaving the seller with an accurate estimate of what they can …
What a Sellers’ Net Sheet Is and How it Helps You Read More »
Are you wondering how rental property depreciation works and how rental property depreciation saves you money on your taxes? Forget the confusing legal and tax websites, we’ve got you covered. Rental property depreciation is when every day life takes a toll on a rental property that you own. This includes the wear and tear on …
How Rental Property Depreciation Works & The Benefits to You Read More »
ALTA settlement statements may appear confusing at first, but don’t worry, they are much simpler than they appear. Alta settlement statements are specifically designed to organize the property selling process and the post below walks you through each of the four ALTA statements and how to use them. You’ll learn how these statements provide a …
What an ALTA Statement Is & How it Applies to You Read More »
Real Estate Agents do more than just hold the door open when you’re selling your house. Think about it this way, how do these people find your house when it is on the market? What causes the influx of people to visit your house when you’re doing a public showing, and is there something in …
Real Estate Agents Are More Than Just Door Holders! Read More »
Lender’s title insurance is a type of insurance that protects the lender from any financial losses that may incur as a result of owning a property, while you’re paying them back for the loan. Lender’s title insurance works like a backup plan to protect the lender in case any unforeseen issues surface that were not …
Lender’s Title Insurance Policies, Everything You Need to Know. Read More »
An owner’s title insurance policy is protection for a homeowner against people who could try and take the deed from them. The owner’s title policy should be purchased before closing on the property, and the policy protects homeowners from issues like clerical mistakes, liens, or money owed to contractors. Having a policy can also protect …
Owner’s Title Insurance Policies, Everything You Want to Know. Read More »
