Homeowner Associations (HOAs) and Condominium Owner Associations (COAs) play an important role in real estate transactions. In the Commonwealth of Virginia, the seller must provide the buyer with an HOA and/or COA resale packet. Therefore, buyers and sellers must know their responsibilities and … [Read more...] about Homeowners Associations and Condominium Owners Associations: A Brief Guide
A seller’s post-settlement occupancy agreement, also referred to as a rent back agreement, is when a seller intends to stay in the buyer's home for a defined time after settlement. For example, the seller may need a grace period before moving from one property to another, or the seller might need … [Read more...] about Seller’s Post-Settlement Occupancy Agreement (Part One)
In our daily lives, we do so many things repeatedly that it’s just second nature, but buying, selling and closing on a home isn’t one of those things. The Highland Title + Escrow team understands that you may have questions regarding the process, and we welcome the opportunity to answer them. So … [Read more...] about Questions You Should Ask Your Title & Escrow Provider, Part One
In Merriam-Webster’s online dictionary, the third definition under the earnest entry is “something of value given by a buyer to a seller to bind a bargain”. At Highland Title + Escrow, we are earnest (first definition in the entry) title professionals, and this post will shed light on the importance … [Read more...] about Earnest Money: What is it, and why is it important?
We recently shared the buyer’s journey from contract to closing, including what happens during each step and how the buyer can assist in keeping the process moving. Today, we’re focusing on the seller’s side; similar to the buyer’s journey, it starts with a ratified contract where both parties are … [Read more...] about The Seller’s Closing Journey: From Contract to Deed