Real estate 101: Title
Title refers to the true owner and their rights to their property. A property’s ownership history is the chain of title and is inspected by title companies during a title search. Title searches can discover clouds on title and pause a transaction. Title insurance can protect buyers after the sale is complete. There are many methods to holding title which vary state-to-state. Title is not a legal formality; it is a safeguard that protects the interests of property owners and ensures the integrity of real estate transactions.
How high interest rates actually help buyers
While high interest rates may initially seem daunting, they shouldn't spook you from pursuing homeownership. The real estate market is adaptable and there are various financing options available to suit your needs. Remember that homeownership is a long-term investment in your future, and the benefits of owning a home often outweigh short-term fluctuations in interest rates.
Real estate 101: Equity
A homeowner’s equity is what they own outright - the difference between the value of the property and what they owe to the bank. The less debt on a property, the greater equity the owner has. Having equity in real estate can enhance financial stability, provide opportunities for growth, and contribute to long-term financial goals.