What is Escrow?

- Escrow is the depositing of funds and documents by the parties with an impartial third party for delivery upon completion of the terms of the escrow instruction. The word escrow is derived from the French word 'escroue' meaning a scroll or roll of writing …learn more

What is Title Insurance?

- Title insurance insures property owners that they are acquiring marketable title. Unlike casualty insurance (policies which insure against future events), title insurance is designed to eliminate risk or loss caused by defects in title from past events. Title insurance provides coverage only for title problems ...learn more

What is a Home Protection Plan?

- Home Protection Plans protect the buyer's major investment beginning immediately upon close of escrow. The plans cover major mechanical systems in the home as well as certain major appliances. Realtors are familiar with some of the various plans available and will be happy to gather a selection of programs for you to study ...learn more

What is a Home Inspection?

- This inspection may encompass roof, plumbing, electrical, heating, appliances, water heater, furnace, exterior siding, and other visible features of the property. A detailed report will be written with recommendations, often times the recommendation is to cosult a specialist (such as a structural engineer). The inspection fee is usually paid by the buyer ...learn more

What are Common Forms of Ownership?

- Real Property may be owned by a sole owner, or it may be owned jointly by two or more persons. A person who is the sole owner of a parcel of real property is said to be the owner thereof in severalty. Concurrent ownership or co-ownership, on the other hand, means simultaneous ownership of a given piece of property by two or more persons ...learn more

Learn More About:

The Loan Process

Overview of Closing Costs

Who Pays What, Buyers and Sellers

Glossary of Real Estate Terms