If you’re looking to sell an investment property, but realized the sticker shock of taxes, you’ve probably come across a confusing option called a 1031 exchange. 1031 exchanges are great for real estate investors because they can save you money, but you have to know the nuances and jargon that comes along with them. This …
How to Sell Your Investment Property & Save With 1031 Exchanges Read More »
When you find the perfect home, and you cannot live without it, you may need to show the seller you’re serious. This is especially true in competitive buyer markets and bidding wars. That is when the term “earnest money” gets brought up. Earnest money is when you send money ahead of time to prove you’re …
Who Holds Earnest Money, Title Companies or Agents & Why. Read More »
Title insurance costs are calculated by multiplying the purchase price of your home by the rate per thousand your insurance company uses. The rate per thousand is a going rate that is used for every thousand dollars that is calculated for the value of your home. A quick example: if the rate is 0.6% for …
No, title insurance is not transferable because it serves as a lifetime guarantee to a legal title, unless that title changes. Since you paid in full for the title insurance during closing costs, it remains yours and is not transferable – not to your spouse, significant other or whomever. If you’re frustrated and upset about …
Is Title Insurance Transferrable After Buying It? Read More »
Real estate agents are masters of home marketing, and they know exactly what buyers are looking for. This includes knowing how to describe your home to make it stand out, getting the right angles in photographs to detail the property for a new owner and which features to focus on based on other properties that …
Why Are Real Estate Agent Commissions High & What Do You Actually Get? Read More »
There’s no doubting it – title insurance rates are confusing. They’re baffling because most people immediately compare it to car or health insurance. But title insurance (both owner’s and lender’s) are nothing like a traditional insurance package that fluctuates in price, cost and coverage. That is where the confusion sets in. If you’re asking yourself …
Do Home Title Insurance Rates Increase Over Time? Read More »
You find a house, make an offer, get to closing and pop the champagne. Next week you find out the house is no longer yours. This happens more than you think. Below you’ll find 7 examples of how this could happen and the best way to protect yourself from losing your home. Please use the …
7 Ways You Can Lose Your Home After Closing Infographic Read More »
No, but it is a wise idea. When you pay cash for a home, you may think it’s permanently yours and no one can take it. However, if there’s a problem with the title it can threaten your ownership rights. That’s why banks normally require a lender’s policy when you take out a mortgage to …
Do I Need Title Insurance When Paying Cash For a Home? Read More »
If you’re buying a home with a mortgage or you’re refinancing your loan, you’re likely going to need information or documents from the federal government. But what happens when workers are furloughed during a shutdown? If it lasts for more than a few days, it can affect the home buying process and delay your closing. …
How Furloughs Delay Home Closings & What You Can Do About It Read More »
When you buy a home, you’ll be faced with the choice to buy title insurance. If you have a mortgage, your lender will probably require you to purchase a Loan Policy but you’ll usually have the option to buy an Owner’s title policy as well. But that leads to some confusing questions which is why …
Lender’s vs Owners Title Insurance, Questions & Answers Read More »
