Inheriting a home can be both a blessing and a challenge. Here are some things you should know if you inherit a home:

Probate: In most cases, you'll need to go through the probate process to transfer the title of the property to your name. This process involves proving that you're the rightful heir and can take several months or more. Your Attorney will give you more details reguarding this process. Taxes: Depending on the value of the home and your state's laws, you may be subject to inher...

 

Deciding when it's time for your parents to move can be a difficult and emotional process, but there are a few things you can do to help them make the right decision.

Start the conversation early: It's important to have an open and honest conversation with your parents about their future living arrangements before any major health or safety concerns arise. Consider their needs and wants: Take the time to understand your parents' preferences and priorities for their next home. Do they want...

A mortgage escrow account is an account established by a mortgage lender to hold funds collected from a homeowner to pay for property taxes, homeowner's insurance, and other related expenses. The following items are typically included in a mortgage escrow account:

Property taxes: The lender will collect a portion of the homeowner's property taxes each month and hold them in escrow until the tax bill is due. Homeowner's insurance: The lender will collect a portion of the homeowner's insuranc...

What is a Title Company Used for During a Closing?

As a homebuyer, you may have heard of a title company, but do you really know what they do? In short, a title company is essential for a successful home closing. In this article, we will explain the role of a title company during a home closing, and why it is important to choose the right one.

What is a Title Company?

A title company is a third-party agency that handles the closing process of a real estate transaction. The primary function of a...

 

The closing process on a new home typically involves several steps to finalize the sale and transfer of ownership from the seller to the buyer. Here are some of the key steps that may be involved:

Review and sign the purchase agreement: This is the legal contract that outlines the terms of the sale, including the purchase price, contingencies, and other important details. Obtain a home inspection: Before closing on the home, it's important to have it inspected by a professional to identif...

At some point during the process of buying a home, the buyer will come across the term "closing costs." Closing costs are expenses incurred during the purchase of a property that are not included in the sale price. These costs are typically paid at the time of closing and can add up to thousands of dollars. Typically we use 3.5% of the accepted offer price as a rule of thumb. Check with your lender for the most accurate number. As a buyer, it's important to understand what items are included in...

 

What is the Inspection Process When Purchasing a Home? Buying a home is one of the most significant investments you will ever make, and it is essential to ensure that you make a sound investment. A home inspection is a crucial part of the home-buying process. It is a visual examination of a property's physical structure, mechanical systems, and overall condition, providing buyers with an objective and unbiased evaluation of the property's condition. In this article, we will discuss the inspec...