Buyers are often confused about title insurance, and it’s understandable. That’s because there are two different types of title insurance. And as an informed buyer, it’s wise to understand the difference.
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Buyers are often confused about title insurance, and it’s understandable. That’s because there are two different types of title insurance. And as an informed buyer, it’s wise to understand the difference.  Buying a home is a milestone occasion in anyone’s life. Many buyers, however, make the error of only saving for the down payment. When in fact, that’s only half of what you need.
That euphoric, “We’re going to be homeowners!” turns into aggravation and worry if you haven’t planned adequately for the fees associated with a real estate closing, the other half of the real estate buying equation.  You’ve signed the contract. The hard work of finding the right house is behind you. Now, it’s time to move forward with the closing, that complex legal process of changing property ownership from one party to another.
That means choosing who handles the entire transaction. Does it have to be closing agent vs title company? Or can there be a middle ground?  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. |
AuthorLilly Title & Settlement wants you to be an empowered homebuyer! Archives
January 2021
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