Key TakeawaysA 1031 Exchange lets real estate investors defer capital gains taxes by reinvesting proceeds from a sold investment property…
Key TakeawaysIn the DMV, earnest money is most often held by the listing brokerage in the principal broker’s escrow account…
Key TakeawaysTitle insurance premiums are calculated on a rate per thousand applied to the home’s purchase price — e.g. 0.6%…
Key TakeawaysTitle insurance is not transferable to a new owner because each policy is a one-time guarantee tied to the…
Key TakeawaysReal estate agent commissions compensate for extensive pre-listing, marketing, showing, negotiation, and post-contract work — most of which is…
Key TakeawaysTitle insurance rates do not change after closing — the premium is paid in full at closing as part…
Key TakeawaysTitle defects discovered after closing — undisclosed heirs, forged prior deeds, recording errors — can cloud your ownership even…
Key TakeawaysWhen you pay cash, no lender requires you to buy title insurance — but skipping it leaves you fully…
Key TakeawaysGovernment shutdowns and employee furloughs can delay mortgage closings when the lender must verify income with a federal agency…
Key TakeawaysLender’s title insurance protects only the lender’s investment; it does not cover you as the homeowner.Owner’s title insurance protects…