23 Jan 2019
By RESCO Realty

How The Title Search Works

Real Estate, ,
A title search is an early warning system for buyers and lenders. It reveals flaws the owner must resolve prior to a closing or refinance request. This allows the owner to clear any issues on the title so that the process can move forward. Also, it protects the buyer or lender from assuming an obligation they aren't responsible for.  Title Search A chain of title exists in the public records. It shows the history of property title transfer from each previous owner to the next. Unfortunately, these searches are labor intensive and require a specialist called a title examiner. The…
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18 Jan 2019
By RESCO Realty

5 Home-Buying Pitfalls To Avoid

Real Estate, ,
Buying your home can be nerve-racking, especially if it's the first time. The buying process is exciting and often complex. The chances of making a mistake are relatively high.  In today's real estate market where demand surpasses supply, you can't afford to make mistakes. And this is just the tip of the iceberg. If you are in the market to buy a house, here are five pitfalls avoid.  Not Doing Your Homework Well  Fortune favors the prepared in real estate. And preparedness begins with understanding your finances. A wise buyer examines assets, analyzes debts and gets finances pre-approved before jumping…
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16 Jan 2019
By RESCO Realty

What Happens After Your Offer Is Accepted?

Real Estate, ,
When you make an offer on a home, you wait anxiously to see if it will be accepted. Sometimes you're lucky enough to hear back within hours. Other times you could wait days or even weeks. But once you get that good news that your offer has been accepted, what happens next? It's a common question, and one that your real estate agent can help you with. In general though, here's what you can expect. There's A Home Inspection A home inspection needs to be conducted in order to assess the condition of the home for financing needs. This is…
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