Commercial Properties Needs Title Insurance. Here are Seven Reason Why! Title insurance protects the insured against covered title defects affecting the insured property, and commercial properties need title insurance! When you buy commercial property, you expect to enjoy important property rights as part of your investment. For example, you likely expect to be able to rent or lease the property, to be free from debts or obligations
What exactly is escrow? Here’s a Definition. The basics of escrow are fairly simple. By definition, escrow is a term that describes the neutral third-party handling of funds, documents, and tasks specific to a settlement. Initially, the real estate purchase agreement or sale contract outlines this party. Escrow funds are held until conditions have been met per the sales agreement. Starting Off: The Key Players
Introduction There are key professionals involved in a real estate transaction. They are knowledgeable, customer-focused professionals available to answer your title and settlement questions. Throughout the home buying and selling process, you may also encounter the following industry professionals who are able to answer questions in their area of expertise. Watch To Start Learning! Key Professionals In Real Estate Below is our list of key
Overview So, what is a 1031 exchange? When you sell an investment or income-producing property, you will be required to pay capital gains taxes on that sale. (The current capital gains rate is either 15 or 20 percent.) If you would like to use the proceeds from the sale to invest in replacement properties, you’ll find that the tax debt has reduced your buying power.
Make sure all of your clients are protected You’re a realtor, so you know buying a home can be overwhelming. Homebuyers can easily feel confused and frustrated by the mounds of paperwork they have to sign. Plus, all the fees associated with closing can sometimes be a surprise even to an experienced buyer. Title insurance one way to prevent certain surprises. A realtor needs to