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Opinion: What you need to know for a successful real estate transaction

Housing Wire

Buyers, sellers and lenders all have a stake in the sale, and title and escrow ensure that everyone’s interests are protected. They also help to prevent fraud and ensure that the sale is conducted legally and ethically. Another benefit of title and escrow is that they streamline the real estate transaction process.

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Opinion: How the title industry protects homeowners

Housing Wire

When people think about the title insurance industry , what comes to mind is often its core products – title insurance policies that protect property rights of homeowners and lenders. As an industry, our commitment to protection goes beyond title insurance policies. As an industry, we united against these unfair fee agreements.

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Fueling the home-buying process with certainty

Housing Wire

Another key takeaway – and a constant theme during the pandemic – is how technology liberated consumers and professionals alike. A shift in household economics strained finances, so lower interest rates and cash-outs became attractive. Technology harnesses desperation to fuel the change that drives the consumer experience.

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iBuyer vs. Real Estate Agent: How Do the Experiences Compare?

HomeLight

Top iBuyer companies include Opendoor, Offerpad, Redfin Now, and HomeLight (we offer iBuying services through our Simple Sale platform). An iBuyer uses technology to value the home, sometimes performs a walkthrough, and may adjust the price based on the cost of needed repairs. One house, two different sales (iBuyer vs. agent).

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

HomeLight

We also include information about HomeLight’s Simple Sale platform, an online home-selling program that provides competitive all-cash offers for homes across the country. An iBuyer is a deep-pocketed real estate technology company that uses digital tools to purchase homes directly from homeowners and close quickly. What is an iBuyer?

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How Long Does It Take to Close on a House From Start to Finish?

HomeLight

According to the loan software firm ICE Mortgage Technology, it took 50 days on average to close on a purchase loan for a house, as of Q3 2021. 24, you can expect to close on the sale of your home somewhere between the end of February to mid-March. Source: Ice Mortgage Technologies , Data for Sept. 1 and accept an offer on Jan.

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Can AI launch the title industry into the future in 2024?

Housing Wire

With its four largest firms all at least 100 years old, the title insurance industry has a bit of a reputation for being antiquated and technology averse. “I The title industry has worked hard over the last few years to shed that reputation. Data extraction from documents is a great application of generative AI.

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