Key TakeawaysYes — title insurance can technically be purchased after closing, but anything that arises in the gap between closing…
Key TakeawaysA title company verifies the seller has the legal right to sell and issues title insurance; a settlement agent…
Key TakeawaysYou will encounter two underwriters at closing: a financial underwriter (loan approval) and a title insurance underwriter (deed-risk approval).The…
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 TakeawaysWet funding states (Virginia, DC) disburse funds on the day of closing — the buyer, seller, and lender all…
Key TakeawaysTitle insurance premiums are calculated on a rate per thousand applied to the home’s purchase price — e.g. 0.6%…
Key TakeawaysSame-sex couples and LGBTQ+ homeowners have the same title rights as any other buyer, but historical title defects (prior…
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…