Escrow

California Natural Hazard Disclosure Report 101

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SnapNHD is dedicated to providing home buyers and sellers with comprehensive natural hazard disclosure reports. In this post, you'll learn what a natural hazard disclosure (NHD) is, what the report covers, and what to look for. Understanding Your NHD Report: California law req

10 Steps to Successfully Close Escrow

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Wondering how escrow works and what's involved? You're in the right place! This post will explain what you can expect throughout each of the stages of escrow. The escrow process begins just after you accept an offer and ends when the buyer receives possession of the home. Let's t

Must-Have Escrow Checklist for Home Buyers

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Closing escrow entails filling out and reviewing paperwork, scheduling appointments and staying on top of deadlines. With so many things at play, buyers usually find it extremely helpful to have a thorough checklist to help guide them through the process. Read on to see what you'

Must-Have Escrow Checklist for Home Sellers

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The escrow process entails filling out and reviewing paperwork, scheduling appointments and staying on top of deadlines. With so many things at play, sellers usually find it extremely helpful to have a thorough checklist that helps guide them through the process. Read on to see

Disclosing a Death on the Property

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It may sound strange, or even unreasonable, but a death on a property is considered a material defect that must be disclosed to the buyer, according to many state laws. Read on to learn more about disclosing a death. State laws vary, but at least in California, the following do

Mortgage Fees: Defined & Explained

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As you likely know, there are a number of fees involved in a real estate transaction . Mortgage fees fall into that category. This post will explain what mortgage fees are, what they cover and who pays them. What mortgage fees are involved in a sale? Fees associated with applyi

How Does Escrow Work?

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Wondering what escrow is , how it works, who is involved and what impact it has on your home sale? Read this for a short and sweet explanation. Escrow: Some asset (in real estate, typically cash or a deed) that is held by an independent third party. The assets will only be deliv

Escrow Fees: Defined & Explained

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As you've probably figured out, there are a number of fees involved in a real estate sale - one of which is the escrow fee. This post will explain what an escrow fee is, what it costs and who pays for it. What is an escrow fee for? An escrow fee is money paid to your title compa

Home Appraisal Fees: Defined & Explained

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During escrow , after the home inspection has been completed and the buyers have received conditional loan approval, there's usually an appraisal conducted to determine the value of the property being sold. Read on to learn what's involved in an appraisal and what it costs. Wh

What is Title Insurance and Who Pays For It?

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There are typically two types of Title Insurance: an Owner's Policy and a Lender's Policy. This post will explain what each policy is for, who and what it covers and who pays for it. Owner's Policy: The Owner’s Policy insures the homeowner against defects in the title that were

Real Estate Transfer Tax: Defined and Explained

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There are a number of fees involved in buying and selling a home, and real estate transfer taxes fall into this category. Curious about what transfer taxes are and what types of transfers incur these fees? Keep reading for answers! What is Transfer Tax? When one person (or ent