Title Insurance is an insurance policy designed to keep the buyer and/or their mortgage lender from risks associated with defects in the title (ownership) of the property.
Title Insurance is an insurance policy designed to keep the buyer
and/or their mortgage lender from risks associated with defects in
the title (ownership) of the property. Title Insurance is offered as
either a standard policy or an enhanced policy. A standard policy
covers defects in the title up to the date of settlement. An enhanced
policy covers defects in the title before and after settlement.
Covered claims can range from any of the following and more:
undiscovered easements that affect the use of your property, errors,
fraud or illegal signatures on the title paperwork going back many
transactions, errors in public records, a disputed will from a previous
owner, and previously unreleased liens on the property that could
make it difficult to sell. Title insurance companies will usually assume
the risk of defending the claim. Title insurance companies pay out
claims on a policy at a rate that is ten times higher than the payout
rate on homeowner’s policies.
We can set up a Compass Collection for you that will do just that!
Please contact us or call us and we can outline what types of properties you’re interested in and where you want your report to cover. We will set you up on Compass’ one of a kind platform to share immediate updates on market activity. We can even set up several if you would like so you can watch more than one area. You can receive updates weekly, daily, or in real time and you can unsubscribe any time if your interests change. This kind of information can help you avoid missing a property that might interest you, or it can help you stay on top of the level of market activity.
When you’re searching for a new home, you deserve to know all of your options—and that’s where we come in.
With Compass Coming Soon, we offer you an inside look at properties before they hit the market. When you’re searching for a new home, you deserve to know all of your options—and that’s where we come in.
Get access to thousands of new listings before anyone else, only at compass.com.
The average pencil is seven inches long, with just a half-inch eraser – in case you thought optimism was dead! — Robert Brault
One thing that is always true about the real estate market is that it
is cyclical. Values increase and decrease over time, just like interest
rates. Real estate markets are even influenced within micro-
neighborhoods, meaning what happens on one block may not be
occurring a few blocks over.
If you are wondering what is going on in a particular local area, please be in touch so we can do a micro-evaluation of that market for you! This insight can save you money and time when you are ready to make a move.
An absorption rate is a calculation that indicates how many months of inventory are remaining available in a certain micro real estate market at the current rate of properties going under contract.
The rate of properties coming on the market is just one piece of the market conditions puzzle.
Are there enough buyers for the number of properties available, or are there too many properties available? Too many properties can mean that it might take eight months or a year at the current rate of sales for the current inventory to sell. That often leads to prices softening, which would indicate a buyer’s market.
In short, you should be sure to know what is going on in your micro-market before making a move.
One of the most fulfilling parts of our job is helping our clients
navigate the many challenges that arise during the course of a real
estate transaction. Whether there are issues with title to the
property, confusion about the underlying mortgage on your coop, or
property condition disclosures—just to name a few—we consider
ourselves to be a catalyst for resolving the unexpected. The more
experience an agent has, the more likely they are to be able to
quickly resolve an issue so you can get to the end of the transaction
with a smile on your face and the results you deserve.
Let us know how we can help you prepare for your next real estate transaction today! Please contact us or give us a call!