The quality of agent working on your behalf—his or her competence, negotiating skill, knowledge of the market and commitment to your interests—can make an enormous difference in the outcome.
Buyers are responsible for performing adequate due diligence during the escrow period, which basically means making sure you are getting what you think you are paying for. Along with the careful review of disclosures, documents and reports provided by the Seller and Agents involved, inspecting the property is the most important part of such due […]
Buying a home is typically the largest, most complicated, and often most emotional financial transaction of one’s life. There is a lot at stake, not just money but also issues such as security, happiness and everything else wrapped up in the concept of “home.” One of the main reasons why it can be so stressful […]
In one of the largest, most complicated financial transactions of your life, what exactly does a good real estate agent do?
How buyers and sellers in San Francisco split the closing costs pertinent to the sale of real estate is ultimately decided in the purchase contract itself, but this list details how they are typically split in San Francisco County.
Title insurance is a contract of indemnity which guarantees that the title to the property is as reported. If it’s not as reported,you are reimbursed for actual loss or damage under the conditions specified in the policy. The title policy covers you for your loss up to the amount of the policy. Title Search Title companies […]
Who pays for the various closing costs is negotiable between the Buyer and Seller, though the below sets forth the customary division in San Francisco County. These items might not apply in other counties. Some counties split their title and escrow fees between Buyer and Seller in varying manners. Title Insurance Premiums Escrow Fee City […]
The Tax Year Property taxes are charged on a fiscal year beginning July 1st and ending June 30th; hence tax years are referred to as 2004/2005, 2005/2006. Taxes are billed in two equal installments: first installment covers July 1st through December 31st, second installment covers January 1st through June 30th. Tax bills are sent to […]
1. Not having your agent do a full comparative market analysis of the property: a clear-headed assessment of what fair market value is. 2. Not making a list of the strengths and weaknesses of the property, to keep in mind during the negotiations or perhaps to even use in the negotiations. 3. The flip side […]
The sale of real property involves transferring large sums of money and signing important documents by you, the Seller and your lender. Escrow is the process in which an impartial third party acts as a stakeholder and facilitator for both you and the Seller. Typically this entity is the Title Company. It carries out both […]