Do the Buyer and Seller Have to Use the Same Escrow Company?
When you are buying a new home, you will hear terms like “escrow,” “title and escrow,” and “title search,” among many others. That’s because there is a lot that goes on behind the scenes when you’re buying a home. There are a lot of requirements to be met, including the loan process, inspections, negotiations, title searches, buyer’s and lender’…
How are Property Taxes Handled at a Closing in Florida?
Property taxes are a fact of life. Property taxes are paid every year, with the money for property taxes held in escrow so the funds are available when it’s time to pay property taxes. Florida currently ranks number 23 for the amount of property taxes collected. According to Taxrates.org, “the median property tax in Florida is $1,773.00 per year…
What Are Residential Title Services?
Buying a home can be like navigating a minefield. For first-time homebuyers, the process can be as stressful as it is exciting. That’s because there are so many factors that need to be taken into consideration. Closing on a home requires a great deal of attention to detail, which is why it’s so important to have a closing company that has been i…
5 Tips for a Timely Closing
Closing on a new home or any piece of real estate can be a stressful time, particularly if you are new to the process. Every little detail must fall into place at the exact right time to ensure a timely closing. One detail out of place and the whole purchasing process can be delayed or even derailed. The process can be enough to have first-time …
What is a Real Estate Closing?
If you’ve ever purchased a new home or any type of real estate, you have heard the term real estate closing. A real estate closing, which might be referred to as a mortgage closing or a settlement, is the last step of the real estate purchasing process. It is the last thing a homeowner will do before getting the keys to their new home. The closi…
Can You Use a 1031 Exchange for a Primary Residence?
There are several provisions in the tax code that can benefit real estate owners. One of these is IRC Section 1031, which allows for tax deferral on the sale of any property used in business or any property being held for investment when the property is exchanged for another property property to be used in the same way. Section 1031 only provide…
What Does the Settlement Company Do?
Purchasing a home entails a long process that begins with the selection of the home or property and ends in the moment the key and deed to the property exchange hands. This process can bring along a lot of headaches, sometimes causing a lot of stress in an experience that should be a joyous one. That’s why it’s so important to have a settlement …
Property Lien Search: How Do I Find Out if There Are Any Liens on a Property?
Buying a home requires a lot of time and energy, not only on the part of the buyer, but on the part of the seller as well. There is a lot that goes in to making sure a property is ready to be legally sold. These details can be overwhelming, and if you have never bought a home before, the details can be confusing and stressful. One of the most im…
Do Title Companies Handle Escrow?
Closing on a home is the last step of the long, complex process of buying a home. There are a number of professionals in the real estate business that can help you every step of the way, but not all of those professionals can handle every aspect of purchasing a home. If you are in the process of buying a home or you have already been through the…
Can You Do a House Closing on a Saturday?
Buying a home is an exciting and sometimes-lengthy process. When the time finally comes to close on your new home, the last thing you want to do is have to wait for office hours and weekends. That’s why it’s important to find a closing company that cares about facilitating your closing when you’re finally ready, even if your closing has to be af…