What homebuyers need to know about title insurance

Title Tracks: News From The World Of Title Insurance

At some point during your homebuying process, the topic of title insurance is likely to come up. Like most types of insurance, title insurance is better to have and not use than need it and not have it available. But what is it, why do you need it, and how does it work?

 

What is title insurance?

 

Title insurance is a specialized insurance policy that protects you and your mortgage lender against mistakes made in a title search. If you find a home and there’s not a clear title to it, title insurance protects the bank – and you – if there’s a problem. A clear title means you’ll be able to occupy and use the property the way you want, and that you’re able to sell or pledge your property as security for a loan.

 

There are generally two types of title insurance: lender’s and owner’s…

View original post 311 more words

Advertisements

10 Ways to Make Your Home Magical

A Magical Childhood

Happy Monday!

I’ve been having fun brainstorming about home improvements around our house and looking at lots of blogs and Pinterest boards for inspiration lately.  I thought it would be fun to change up this week’s magical theme and focus on fun ways to make a little magic in our houses. 

Some of these are easy to implement and some are definitely the daydream type!  I tried to focus on doable projects instead of $15,000 pirate beds to purchase, though.  😉

Click on any image to go to its source (or the closest I could find to an original with an image search). 

Here’s my list of 10 ways to make your home magical for children…

1.  Have hideaways and nooks.

2.  Incorporate ways kids can be active and meet their sensory needs.

3.  Add color.

4.  Add whimsy.

5.  Incorporate your family interests and personalities in your decorating.

6.  …

View original post 232 more words

Stressed Out About Buying a Home?

The Go Getter Team

Image Source: ziprealty.com

Use these 8 tips to Minimize that Stress…

Buying a home is exciting. The process of buying a home can also be an emotional rollercoaster. It is one of the most intricate and involved transactions a person will ever complete in their lifetime. Preparation is the key ingredient to minimizing the stress that the complexity of a real estate transaction can bring. Use these 8 tips to help you avoid unnecessary stress.

Be a Smart Saver. When it comes to buying a house in Atlanta, saving money toward a down payment can give you more flexibility when it’s time to get a loan. You’ll want to do this long before you start your tour of homes.
Know Thy Credit. Knowing your credit score will give you an idea of how the mortgage company will view you as a borrower which affects your interest rate. Plus, finding out…

View original post 435 more words

Who Pays Closing Costs?

Sold By Connie

Closing costs are a mix of fees from the lender, title company, real estate agent, etc. Depending on your situation, what is included in your list of closing costs might be different. In some cases you can add these fees into your purchase offer, asking the seller to pay some if not all of your closing costs. Talk to your real estate agent about how this will work in your specific situation.

When purchasing a home, there are many costs you might not be prepared for…

  • Home Inspection

  • Appraisal

  • Loan Application Fee

  • Down Payment

  • Closing Costs

  • Moving Fees

  • New Furniture

  • Paint and Updates to the new home

The list goes on, right? So what costs can be covered by someone else? In most real estate markets, closing costs are part of the negotiation process. When you write an offer, you might be able to negotiate part or all of…

View original post 210 more words

Title Insurance: Who Needs It?

Frontier Brothers

During the real estate transaction (especially if you’re a first-time buyer), you’re hit with so many foreign terms, fees and requirements your head spins. One of those strange and unfamiliar costs is title insurance. In most cases, borrowers have no option—either you get title insurance (among other requirements) or you don’t get a loan.

The lender says you need it, you want the loan to go though, so you buy title insurance. Great. So what is title insurance?

When you buy a home you want to make sure that the people selling it actually have full and legal title. The party who conducts closing will check this out by going down to the local property records office to research the history of ownership.

 

Written By: Courtney Ronan. If you would like to continue reading, click here.

View original post

Cleaning Your Gutters

MoldSolutions

Many homeowners today neglect the importance of regularly cleaning out their gutters.  Gutters and downspouts prevent damage to fascia boards and will deter puddling which can later cause damage to your foundation walls.  Allowing a build up of dirt and leaves into the gutter will cause overflowing and back ups in the drainage system that can leak into your basement.  Clean gutters will collect rain waters into their piping system and channel rain away from the home which can cause major damage.  Gutters can be cleaned out by a professional, but also done by home owners themselves if they are comfortable climbing ladders and can do the process safely.  Many basement water issues are caused by homes not having rain water properly flowing away from the home.  The first step in this process is to add regular gutter cleaning as apart of your home maintenance.  This will save you thousands…

View original post 38 more words