Listen to Lance Rogers discuss the topic of deed theft during the “Legal Matters” talk radio show on 96.1 FM WURD with hosts Joe Doc and Gary Bailey.
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After searching far and wide, you finally found your dream home. Before you move any further, you have two options. You can either go through the entire home buying process alone, or, you can first hire a real estate attorney to guide you every step of the way.
Option 1: Walk Alone
Whether you’re totally alone, or you have help from your realtor, without a real estate attorney, you still won’t be fully prepared for the entire home buying process. You won’t know what’s supposed to be disclosed to you before you sign the agreement of sale. Once you get to the closing phase, you’ll suddenly realize the documents are so saturated with legal jargon, that you can’t understand most of them. And wait a minute, nobody told you about the zoning restrictions on the property, or those extra zeros on the price tag! Your dream home is days away from being yours, but now you have these last-minute concerns, and you don’t know what to do.
Option 2: Hire a Real Estate Attorney First
Hire a real estate attorney at the very beginning of your home search. Should you encounter any issues, your real estate attorney will be right there to help resolve them. Real estate attorneys are well versed in local real estate laws, and legal terminology. They’re able to ensure everything is negotiated according to your best interests. Your real estate attorney will explain things in layman’s terms, so you understand what’s going on every step of the way. With your real estate attorney in your corner, you can rest assured knowing all your documents are being handled in conformity with the laws of your state. They will also ensure all pertinent details, obstructions, and risks have been properly disclosed to you beforehand, thus preventing any last-minute surprises by the time you get to the closing phase. It’s important that you involve your attorney BEFORE you sign any documents related to your transaction. Many people believe they can hire an attorney for closing. By then, it’s likely too late. Your attorney can provide the most help by being involved as early as possible.
If you want to secure the best possible outcome for yourself and your family, wise up and get a real estate attorney.
Throughout the lifespan of a property, there can be multiple owners and renters with each passing year. Determining “title” or the rights of use and ownership of a property, can become a bit obscured. This is why we need title agents.
The homebuying process can be quite daunting. Before deciding where to place your hard-earned money, you want to ensure the property and its owners, have been thoroughly vetted. Title agents do the leg work for you. They ensure you have clean title, or ownership of the property, that is free and clear of any encumbrances. Before buying, title agents can even help you get title insurance as an added layer of protection, in case there are any issues with your title once you’ve already bought the property.
Title agents work on your behalf, with everyone involved in the home buying process, to ensure all the paperwork is done properly, and they even coordinate the transfer of funds. Title agents are responsible for drafting, completing and filing the necessary paperwork to officially transfer ownership of the property with the necessary county agency. Essentially, they bring the deal together at closing. The best title agents will seamlessly orchestrate your proceedings with great service and efficiency. They also understand the importance of using safe methods of communication to protect you from potential fraud.
With so many scams out there, it’s imperative to choose a title agent who is honest, ethical and reliable. A good place to start your search is with a trusted real estate agent or lender. You could always review their website and comments online from previous clients to help you determine if they’re a good fit for you.
Buying a home is a momentous life event. Prepare for the challenge by getting educated and staying involved in the process. Taking the time to find the right title agent will ease some of the worries.
When it comes time to sell your home don’t forget to market to the pet population. Yes, that’s right, market to cats and dogs!
Would you believe 85 million families have a pet and this number continues to grow each year? Most of those families consider their pet to be a member of the family. When finding a home, 95% of animal owners believe it is important that a housing community allows animals. The pet industry reported $72 billion was spent on our pets in the U.S in 2018!
So your next question, “How do you stand out to the millions of pet parents searching for their dream home?”
Simply put, point out the features of your home that will attract pet owners:
· Fully fenced in backyard
· Areas for pet feeding (mud rooms and sun rooms)
· Pet doors
· Dog friendly landscape
· Locations of dog parks/walking paths/pet-friendly shopping areas
· Proximity to veterinarians/groomers/pet supply stores
Pets Have Power
· 89% of pet owners say they would not give up their pet due to a housing restriction
· 81% of Americans say their pets play a role in their housing situation
· 31% of animal owners have refused to put in an offer on a home because it wasn’t a good fit for their animals
· 19% of Americans say they would consider moving for their pet
· 12% percent have moved for their pet
We love our pets and will look for pet-friendly features in our new homes, so take advantage of this knowledge andpoint out your home’s ability to meet their need
Mortgage rates are quickly dropping and approaching 4%. This low rate has economists and lenders thinking the housing market will jump again.
In the last week of March, the average rate on a 30-year fixed mortgage rate fell to 4.06%. This is the lowest rate it has been since January of 2018. The rate dropped down nearly a quarter from the previous week. This was the biggest drop in over a decade.
Many rates are even now lower than 4%. There are some lenders who are advertising mortgages at sub-4% rates.
A few months prior, rates were near 5% which slowed down the opportunity for home price growth. The housing market remains cooler than it was during its peak. These low mortgage rates are giving hope to the spring market.
Mortgage rates have been declining along with the yield on the benchmark 10-year Treasury note. This has been caused by the Federal Reserve’s decision to pause its interest rate increases. Investors are uneasy about the expected pace of the growth of the economy for the remainder of the year. This left prospective buyers on the sidelines after the rates went up.
Many people have gone from locking in a mortgage rate 4.375% to 3.99%. This adds up to over a $1,000 worth of saving on interest.
While mortgage rates have fallen, a housing-market rebound faces other obstacles. After a brisk rise in home values in recent years, median prices were unaffordable to the average earner in nearly three-quarters of counties around the country in the first three months of the year.
Low rates are boosting refinancing applications, which rose 12%. As of recently, 3.3 million homeowners saved money by refinancing their mortgages. Many have done this since January 2018.