 Buying a home requires many legal steps before the seller hands over the keys to your new abode. One of the most important parts the transaction is the home inspection and appraisal. New buyers often confuse the two and it’s understandable. However, they are separate services.
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 You’ve been to numerous open houses, browsed a ton of listings, and obsessively calculated possible mortgage payments. Now finally, you’ve found the house you want to buy, and you’ve made an offer. What’s the next step after making an offer on a home? There are three possible scenarios with the seller:  Buying a home will most likely be one of the biggest transactions you’ll make in your lifetime. It’s no surprise then that it’s a complicated process.
Certainly, the most critical part of the transaction is the contract. Every part of this legal agreement must be correct for it to be binding. And, if there is no realtor involved in the transaction, that can make the process a bit trickier.  You’ve signed the real estate contract and now it’s time to get down to the business of closing on your new home. That includes arranging for title insurance. We often find buyers are confused about the whole topic of title insurance. Who buys it, the seller or the buyer? What does a title company do? Is this kind of property insurance really necessary? |
AuthorLilly Title & Settlement wants you to be an empowered homebuyer! Archives
June 2020
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