Deciding how to take ownership is a critical step when purchasing real estate. It determines how your name will appear on the title and how the property is processed and protected. In some states, married couples can take a unique form of ownership known as Tenancy by the Entirety.  What is Tenancy by Entirety? Tenancy …
What Does Tenancy by the Entirety Mean For Couples? Read More »
You’ve received the news that you’re clear to close, and that can be as exciting as it is confusing. It does mean you’re nearly there, but some things need to occur before you can finally get the set of keys to your new home or investment property. We’re glad to help clear the air …
Upon purchasing a new home, you and/or your spouse will come across a document that asks how you would like to take vesting on the property. Another time you’ll hear about title vesting is if you’re part of a group of friends or relatives buying a property together, such as a vacation home or cabin. …
The buying process for a foreclosed home is reasonably straightforward. But knowing where you can find these properties isn’t—mostly because investors quickly buy them. Like all things in real estate, tricks of the trade exist. This article is designed to help you purchase your first foreclosed home while not loading you with tons of jargon …
How to Buy a Foreclosed Home From Start to Finish Read More »
When you submit an offer on a home, your agent may recommend making an earnest money deposit. It is a very common thing to do when you find the perfect property and do not want to lose it. If you’re nervous or looking for more information on earnest money deposits, we’re here to help. This …
Once a home is secured for purchase, the lender requires title insurance, which must be secured before the transaction closes. When selecting a title insurance company, you will be given the option of which coverages to choose. A closing protection letter is one of these, which a title insurance company will provide to the lender, …
What is a Closing Protection Letter & What Does It Do? Read More »
The most common question we hear from home buyers outside of “Where are you located?” is regarding title insurance costs. You may have heard title insurance costs roughly around $1,000 per policy. This is true, but you likely want a more accurate number before you begin to approach the closing table so you are not …
How Much Title Insurance Costs & How to Calculate It Read More »
As you’re closing on a home, helping a client, or brokering a deal; you’ll come across a document called the closing disclosure (or CD). A closing disclosure can become very frustrating and cause anxiety when you first read it. Why? Because you’re told to act immediately upon receiving it, and let’s face it, if you’re …
Closing Disclosure Timelines & The Three Day Rule Read More »
Your offer got accepted, and then they drop the news on you. There’s an easement on the property. At first, it may seem like an intrusion, but ultimately, it’s not all that bad. You may hardly notice anything at all. A property easement is a nonpossessory right to use or enter a piece of property …
What a Property Easement Is And How it Impacts a Property Read More »
If you’re buying a home or you’re a new real estate agent, your about to get presented with a plat map and likely a plot map too. Don’t let these make you nervous. Your agent or title company will be happy to walk you through them and why they matter, and we’re here to help …
