HomeLight

OCTOBER 5, 2020

Before you bid, it’s a good idea to run a title search , which will give you an indication of any liens on the home. Constantine recommends you do your due diligence. One reason it’s so important to have a qualified, dependable real estate agent on your side is to help you with these due diligence tasks.

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Due diligence Earnest money deposit Banks Inspection 53

HomeLight

MAY 24, 2022

Everyone involved will need time to perform their due diligence. Your agent can help you find a title company to handle the title search, and title insurance, which is always recommended. Submit earnest money: 1 day. Title search: 3 days. Why does it take this long?

Purchase and sale agreement 103

Purchase and sale agreement Closing Title search Title 103

HomeLight

OCTOBER 29, 2020

If you’re obtaining traditional financing, waiving the financing contingency can put your earnest money deposit at risk. Review the detailed settlement document provided by the closing attorney and you’ll see a line item for a property title search. Short sale or bank approval contingencies.

Purchase and sale agreement 78

Purchase and sale agreement Pre-approval Earnest money deposit Inspection 78

HomeLight

JULY 31, 2021

Beyond doing your due diligence online, it’s also a good idea to pick up the phone and put a voice to the business. Earnest money deposit. The next step is to “ clear title ,” a process that shows the house is free of any liens, judgments, or bankruptcies that would prevent the transfer of ownership.

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Earnest money deposit Inspection Proof of funds Inspection contingency 98

The Close

DECEMBER 29, 2022

Chain of title is an historical record of previous owners of a property that’s essential in establishing the legal ownership of the property. An established chain of title helps protect the buyer from future challenges to ownership. A title search helps create that chain and is usually conducted by a lawyer or title company.

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Purchase and sale agreement Title Proof of funds Pre-approval 98