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Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

Have you budgeted for closing costs? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. What’s the difference between a home inspection and an appraisal?

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Purchase market will highlight closing process problems

Housing Wire

But the fact is that it takes an average of 47 days to close a mortgage (according to Ellie Mae as of September 2020 ). Much of that is, from the Realtor’s or consumer’s perspective, the “dead time” between the excitement of getting approved for the loan and the additional excitement of getting the keys. The wait seems tedious.

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Title insurers reckon with attorney opinion letters

Housing Wire

Prior to the advent and widespread use of title insurance, before taking title to a property, the buyer required that the title be free of any rights, interests, liens or encumbrances of others for which the buyer would be responsible for. An AOL is not going to cover the period of a 30-year loan,” Cain said. “As

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Opinion: Title insurance is essential. Here’s why

Real Trends

When property is transferred from one owner to another, there may be undiscovered tax liens, forged signatures, recording errors, undisclosed easements, title claims or other defects. Despite strides made by technology to streamline the process of title searches, the title industry remains a people-centered industry.

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iBuyer Real Estate Guide for 2022: What Is an iBuyer?

HomeLight

After some email back-and-forth, they get their final iBuyer offer: Offer details: 98% of what a real estate agent estimated they could earn, minus a 5% service fee, a $2,000 repair credit, and 1% in closing costs. . They find this offer to be satisfactory and are able to close in days without mortgage lender involvement.

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7 of the Top We Buy Houses for Cash Companies in Houston

HomeLight

Closing costs: Sellers pay no closing costs; We Buy Houses ® covers them. Closing costs: No prep costs, no agent commissions, and no fees charged by HomeLight. Closing costs: Sellers pay no closing costs; We Buy Ugly Houses covers them. Individual investor fees may vary.

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7 of the Top We Buy Houses for Cash Companies in Central Florida

HomeLight

Closing costs: Sellers pay no closing costs; House Heroes charges no fees. Closing costs: No prep costs, no agent commissions, and no fees charged by HomeLight. Closing costs: Sellers pay no closing costs; The Local House Buyers covers them. The company has a 4.2-star