How Does Title Insurance Protect You as a Buyer?

As a homebuyer, title insurance protects you from many things when you’re closing on a home, and it’s absolutely worth it to purchase it.

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Title insurance is a type of insurance most people don’t know a lot about, but there are a few reasons you should consider purchasing it. 

According to title expert Wade Vander Molen, title insurance protects you from any liens, past liens, judgments, defective recordings, fraudulent things on the title, and any other known or unknown items at the time of the title search. When you close on a property you have clear title to, none of those things carry over to you. 

Title insurance is definitely worth the purchase when closing on a home.

The title insurance policy protects you for up to 150% of the value of your property. As your home value increases so does the policy. It also protects you for not only the time that you own the home but after you sell it as well. Title insurance is one of those policies that protects you from everything that happened previously—not going forward. 

“Title insurance is definitely worth the purchase when you’re closing on a home,” Wade says. 

If you have any more questions about title insurance and how it can protect you when closing on a home, you can give Wade a call at (480) 203-6452, email him at WVander@Stewart.com, or visit his blog. 

If you have any other questions about the real estate market or are looking to buy or sell your home, give me a call at (703) 328-3434 or send me an email at Janet@TheGreshGroup.com. I look forward to hearing from you!

NAR Data Shows Now Is a Great Time to Sell!

We all realize that the best time to sell anything is when demand is high and the supply of that item is limited. Two major reports issued by the National Association of Realtors (NAR) revealed information that suggests that now continues to be a great time to sell your house.

See more here.

What Really Matters in Your McLean House Hunt?

We see a wide range of buyers, from those who want homes of a very specific size, style and architectural design, to buyers who simply want four walls, a roof, and electricity for their next home.

Most clients are somewhere in the middle - they’re looking for a home that looks good and has most of the features they want.

You've probably looked at houses and checked off a few boxes, making sure it has the number of bedrooms and bathrooms you want, but have you ever looked at a home and really thought, "Is this house right for me?"

Not many do. That's why I wanted to share a Consumer Reports video with you that I recently found. It's a nice checklist to go through in order to make sure the home you're considering actually fits you and your lifestyle. Here are my favorite items:

1. Communicate with people at the local coffee shop or any place where locals hang out. Simply ask their thoughts on the area.
2. You can tell a lot about the sense of community in a neighborhood based on the sidewalks and porches. Seriously!
3. Proximity to places and amenities you frequent shouldn't be overlooked. Do you want to be close to restaurants and shops, the airport, or parks and trails?
4. Mortgage cost shouldn't be the only factor when considering affordability. Look at transportation and utility costs too, for example.

Remember, the average McLean homeowner will stay in their home for about nine years. Don't ignore the important checklist items when considering the place you’ll call home for nearly a decade.

Now, this example is pretty broad. Each family has its own unique situation and its own unique checklist. I'd love to sit down with you and use my experience to help you come up with that all-important checklist of your own to help find the right home for you. Give me a call or send me an email and let’s talk soon.