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How to Get Cash for Your Home: A Step-by-Step Guide

HomeLight

While price tends to take center stage, many other components of an offer should be considered before entering into a contract. 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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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

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.