Resources for First Time Home Buyers

sold sign

Buying a home for the first time is a very exciting adventure. Being able to find and get the perfect home is a wonderful feeling.

The process can, however, be a little intimidating for some and there are a lot of questions that can arise: How much can I afford? What are my rights as a buyer? What if I need a loan, how do I get one?

Sitting down and discussing your questions with an experienced realtor will make you feel more at ease with the home buying process. There are also resources, like this one, that are easily accessible online.

Of course, I am always available to answer your questions and am happy to help make your first time home buying experience a breeze.

Advertisements

What is Title Insurance & Why do I need it?

images

What is Title Insurance?

Title insurance is a contractual obligation that protects against losses that occur when title to a property is not free and clear of defects (e.g. liens, encumbrances and defects that were unknown when the title policy was issued). The terms of the policy define what risks are covered and what risks are excluded from coverage. The title insurer will reimburse you for losses that are covered, up to the face amount of the policy, and any related legal expenses. This protection is effective as of the issue date of the policy and covers defects arising prior to your ownership. Title companies issue policies on all types of real and personal property. Two types of title insurance policies for real property are common: a lender’s policy and an owner’s policy. CLICK HERE TO READ MORE ON TITLE INSURANCE WITH CA TITLE CO