title business
An increasing number of problems with cashier’s checks have some title companies revising their requirements for cashier’s checks and the delivery of funds needed to close a sale. Many title companies may now require buyers to wire money to them if the amount is substantial. Some have set the limit for cashier’s check at $5,000,…
Why would a home seller prefer a cash buyer? After all, the seller gets their funds from the title company the same way regardless of how the buyer pays. Sellers often do not care where the purchase money is coming from, as long as the buyer can get their loan approved in a reasonable amount…
If you are selling a property that is part of a Homeowner’s Association, get ready for a potential surprise. I’m finding some upset sellers dealing with the recent change to paragraph C in the HOA addendum. Last month (April 2021), the Texas Real Estate Commission made a slight change to the form titled Addendum For…
Anyone with their finger on the pulse of Texas real estate knows that we are in the midst of a hot seller’s market. Anxious buyers are making generous offers in a desperate attempt to buy a home. However, an offer well over the asking price is not always enough to win the right to buy…
Recently released national closing cost data showed that in 2020 closing costs increased for both purchases and refinance transactions. Average closing costs for a single-family home increased by almost 6 percent while the average home sales prices increased by almost 10 percent. The closing cost data, announced by ClosingCorp, calculated the cost of title insurance,…
