Who Chooses and Pays for the Title Company?

In Florida, the party that pays for Title Insurance varies per county and can be negotiated in the contract. However, the party that pays for the title insurance generally chooses the title/closing company. In the areas I service, this is usually the custom; Lee...

Where do you go to close on a property?

Where do you go to close on a property? If you will be closing in person, you will go to a local Title Company or attorney who will perform the closing. All your closing documents will be waiting for you as well as any other documents requiring your signature. Many...

What Does Equity Mean in Real Estate?

What Does Equity Mean in Real Estate? Real Estate Equity is the difference between the current market value of your property and the amount you owe to your lender on the mortgage. If you were to sell the home, the equity would be the money you would receive after you...

What is an earnest money deposit?

Earnest money is the deposit you make on the property when you submit your offer. Earnest money proves to the seller that you are serious about wanting to buy. When your offer is accepted, the deposit will then be made, usually to the Title Company that will be...