It's quite common for you to have to select an attorney and for them to set a closing date soon after you enter into an agreement to either purchase or sell your home. What you may not realize is that the date often changes between the time when it's originally set and it takes place. There are many reasons why a real estate closing may get delayed.
In Georgia, it's a requirement for all real estate closings to be presided over by an attorney. Your lawyer performs many of the same responsibilities that a title company in many other states may carry out. Attorneys can help both buyers and sellers in many ways that title companies never could though.
Whether you're a first-time homebuyer or you've purchased a home before, it's unlikely that you're asked to attend a real estate closing every day. It can always help you to have a reminder of what you need to bring with you to the closing, especially if you're the seller.
When you decide it's time to buy a home, you will probably be flush with emotions. You may be nervous about the amount of money you are committing and worried that something will be found in the inspection. Once all the worry subsides, it's time to move forward with the purchase of the home. So, what can you expect at closing? We will explore closing on a home in today's post.
Are you buying a home in Augusta, Georgia? If so, it's a good idea to have an experienced real estate attorney by your side during the closing. It might be an even better idea to have an attorney with you through the entire process of buying a home so you know what to look for and how to protect yourself as the buyer.
It's hard to keep up with the housing market in Georgia. Reality television shows about investors hurriedly buying, renovating and selling old housing stock in Atlanta and Savannah are evidence of how development is in the Peach State and has been for the last decade.
If you've found the perfect property in the Atlanta suburbs or somewhere else in the Peach State, you don't want anything standing in your way. Even the prospect of a bidding war has you nervously looking at alternatives. But if you're prepared for a real estate closing, a lot less will create an obstruction for your plans.
Many people who aren't involved in the real estate industry think that selling a house is relatively easy. Few realize how much work is involved in securing a listing, generating interest among qualified buyers, negotiating an offer and getting a client to the closing table. One reason that Augusta realtors take classes and have to pass a test to become a licensed realtor in Georgia is to minimize their risk of being sued.
As a realtor, it benefits both you and your homeowner to get their home sold for as much as you can. If they have a certain amount of money set aside to make repairs or updates to their home, then there are certain modifications that seem to pay off better than others.
If you've been crunching numbers in anticipation of buying a new home, then you've likely come across title insurance as one of those costs that you have to foot the bill for. If you've never purchased a home before, you may be wondering what it is, how much coverage you need and who pays for it.