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

Housing Wire

What’s the difference between a home inspection and an appraisal? 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. Home Inspection. Have you budgeted for closing costs?

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How Does a Title Search Work

Realty Biz

When you’re buying a home, you’ll need a title search so that you can get title insurance. Title searches can also reassure buyers, making sure there is a smaller chance of problems with the title later on. We will take a look at the things you need to know about a title search and how it works.

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Understanding Why Under Contract Homes May Fall Apart

Realty Biz

Real estate transactions involve multiple stages, with "under contract" being a critical phase. During this stage, various contingencies, inspections, and other conditions may need to be met before the sale is finalized. Home Inspection Concerns Home inspections are crucial to the buying process.

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You Just Sold Your House. When Do You Get Paid After Closing?

HomeLight

Before the settlement — when you start signing documents — you’ll have to get through what’s called an “inspection period” or “due diligence period,” depending on where you live. From that point when that inspection period ends, most times the seller is going to make it to the settlement table,” Overman explains.

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What Does It Mean to Back Out of a Home Purchase?

HomeLight

This decision can occur at various stages – after an offer is made but before it’s accepted, after signing a purchase agreement, or even days before the closing. As you navigate each stage of a home purchase, you might come upon unexpected turns. What are common reasons a buyer backs out?

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8 Essential Steps to Navigating Escrow in Home Buying

Realty Biz

The National Association of Realtors (NAR) conducted a survey in October 2022, revealing that approximately 7% of deals in the preceding three months got terminated before reaching the closing stage. During this stage, the buyer, seller, or their respective agents select an escrow agent who will oversee the process.

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Are these factors creating chaos in your mortgage lending ops?

Housing Wire

For example, a loan processor may use a modern LOS to order a flood certification, title report, AUS decision or data verifications, but once the order has been placed, what if the data doesn’t arrive? The industry’s workforce is made up primarily of professionals who are now in the later stages of their careers.

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