Understanding what may be required when ordering a title insurance policy and preparing accordingly can help expedite the smooth closing of your transaction. When to Place Your Order When a title issue is found, additional time may be required to resolve concerns. Submit your request for title as early as possible to avoid delaying the closing. Prior Title Policy A discounted rate may be available if you provide your prior title insurance policy to the policy issuing office. New or Existing Survey If an existing survey of the property is available, the expense of a having a new survey may… read more →
“Escrow” is a term that describes the neutral third-party handling of funds, documents, and tasks specific to the closing (or settlement, as it is also known), as outlined on the real estate purchase agreement or sales contract. The purpose of escrow is to facilitate the transaction by managing the disbursement of funds and documents. KEY PLAYERS In accordance with local custom, the buyer or seller involved in the transaction will select the escrow provider, though they often defer to their real estate agent to make this decision. This provider could be an escrow company, title officer, or title/escrow attorney, depending… read more →
WHEN AND WHERE TO APPLY FOR A LOAN? There are many sources for home loans including banks, credit unions, mortgage companies, and mortgage brokers. You may consider asking friends and relatives or your real estate agent for recommendations. Knowing what you can afford before you begin looking may give you more bargaining power when negotiating with a seller. WHAT IS A HAZARD (OR FIRE) INSURANCE? Hazard insurance covers the dwelling itself and may be required for your home. Your lender or real estate agent may explain the necessary hazard insurance coverage to you. If you are buying a condominium, ask… read more →
Hoping to sell your house this summer? Use our home seller’s checklist to get your house show ready! INTERIOR Clean: Doors Windows Light switches Baseboards Chair rails Carpets Draperies Paint: Paint/repaint rooms in neutral colors as needed Other tasks: Remove/pull back dark curtains Lubricate squeaky door hinges Clean ceiling fans Check for cobwebs in all corners Fix scratches in wooden floors Repair/replace broken flooring Use area rugs, if needed Empty wastebaskets Make beds Fluff or replace accent pillows KITCHEN Keep dishes and food out of sight Clean appliances Sweep/Mop Clean light fixtures Test electrical outlets Eliminate cooking odors Deodorize garbage disposal,… read more →
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