Tag: closing process
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Making an Offer on a Home? Know What to Sign and What Not to Sign
So you’ve made an offer on a home. Nice work so far! A formal offer is called a real estate purchase agreement. It’s a contract that names the seller and purchaser and states the price the buyer will pay. Here, we discuss what to examine closely before you sign.
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Getting Title Insurance? Don’t Assume a Property’s Physical Conditions Are Covered
A few months back, an interesting case came out on Georgia title insurance law. It clarified the allowable claims against title insurance. People buy title insurance on closing day to guard themselves against unknown title problems affecting a property’s market value. That is, a title policy exists to protect a deed holder’s marketability of…
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The Home Sale Is Pending. What Could Possibly Go Wrong?
If you’re shopping for a new home, you notice when this signage pops up: Sale pending. It’s a firm signal that a buyer has dibs on the home. “We’re almost there!” it shouts for the world to hear. Almost there, but some loose ends still must be tied. Home sellers might ask: What could scuttle…
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Ready to Close—But the Home Isn’t Empty
You’re ready to close on your new home. There’s just one issue. On what you thought was your final walk-through, the home still has an occupant. Or, surprise! It’s still cluttered with the seller’s rugs and lamps. Let’s talk about how to avert this scenario — and how to deal with it if and when…
