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Ed And Janie Andrews

EXIT Real Estate Solutions Blog

Monday, November 7, 2016   /   by Tina Redding

News You Can Use - November

Title insurance protects the holder from any losses sustained from defects in the title. It’s required by most mortgage lenders. Here are five other things you should know about title insurance.

It protects your ownership right to your home, both from fraudulent claims against your ownership and from mistakes made in earlier sales, such as mistake in the spelling of a person’s name or an inaccurate description of the property.

It’s a one-time cost usually based on the price of the property.

It’s usually paid for by the sellers, although this can vary depending on your state and local customs.

There are both lender title policies, which protect the lender, and owner title policies, which protect you. The lender will probably require a lender policy.

Discounts on premiums are sometimes available if the home has been bought within only a few years since not as much work is required to check the title. Ask the title company if this discount ...

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Wednesday, October 12, 2016   /   by Susan Starr

Worth the Wait: Homebuyers Save Thousands in the Off-Season

Thinking about buying a new home in the fall? The off-season could save you thousands, according to a new analysis.
Timing is everything, even in real estate.
Homebuyers in the nation’s densest metro areas could save thousands by purchasing a home in the off-season, according to a new analysis by NerdWallet. Sale prices fall an average of approximately 3 percent, or by $8,300 on a median-priced home, September through November, the analysis found.
Sale prices, as well, tend to keep tracking downward through January and February. NerdWallet’s analysis, which dug into housing activity from the last two years as reported by realtor.com®, recognized an overall average declining trend of 8.45 percent, identifying January as the month with the most metros experiencing the lowest sale prices.
The most considerable drop-offs from summer (June through August) to fall were in three distinct markets: Hartford-West Hartford-East Hartford, Conn., Cleveland-Elyria ...

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