Title insurance is an important component of purchasing a property, and it's important for you to carefully review and understand your Title Commitment. The Title Commitment is organized into the following three main sections: Schedule A, Schedule B - Section 1, and Schedule B - Section 2. Each section is explained below. SCHEDULE A 1) Effective date:… Continue reading Understanding Your Title Commitment
When a home Buyer makes an offer to purchase a property, and the Seller accepts their offer, the property is then considered to be “Under Contract” during the home buying/selling process (keyword: process). An “offer” to purchase a property is actually a purchase contract called a "Contract to Buy and Sell Real Estate". The Seller… Continue reading Understanding Contract Deadlines
Congratulations! Your offer was accepted! But what happens now? When your offer is accepted, it's time for more paperwork and signatures! There are also numerous deadlines you’ll need to be aware of. Your Realtor should help you stay on top of your deadlines and keep your real estate transaction on track. Here are the 10… Continue reading Offer Accepted! Now what?!
Home buying in a seller’s market can be challenging. Housing is limited, so seller’s can have the upper hand. It’s not uncommon these days for properties to get multiple offers with bids well over list price. What does this all mean for buyers?