Industry terms run wild in real estate, and some may seem interchangeable. This week's blog will discuss the similarities and differences between inspections and appraisals. Appraisals Lender-driven: The lender orders an appraisal to know the home's value. An appraiser will come to the house … [Read more...] about Inspection vs. Appraisal
The Most Common Closing Mistakes
“The best-laid plans of mice and men often go awry.” Robert Burns The closing process is often smooth and seamless from start to finish, but there are some things you should be aware of that may come up that you'll want to avoid to ensure that your buyers and sellers navigate the process easily … [Read more...] about The Most Common Closing Mistakes
Seller’s Post-Settlement Occupancy Agreement (Part Two)
In our last blog, we discussed the topic of post-settlement occupancy agreements. If a seller needs to stay in the home after settlement, terms are agreed upon by the buyer and seller as to how long the seller can stay and how much the seller must pay to the buyer to occupy that space. Today, the … [Read more...] about Seller’s Post-Settlement Occupancy Agreement (Part Two)
Common Causes of Delayed Closings
You’re almost there; you’ve done all of the work, and it’s finally time for the big show…closing day. Even with all of the bases covered, there are often times when a closing gets delayed. Today, the Highland Title & Escrow team wants to share some of the most common causes of delayed … [Read more...] about Common Causes of Delayed Closings
Split Closing: Benefits and Drawbacks
It used to be the norm that all parties to a transaction showed up to closing — at the same time, at the same title company, in the same room. Real estate agents, buyers, sellers, the settlement agent, and the lender would attend, and the settlement was a formal event (formal attire and … [Read more...] about Split Closing: Benefits and Drawbacks