What is a Transfer Tax?

The Barr Team Info for Home Buyers, Info on Real Estate Transactions Leave a Comment

Henry Barr explains a few key points about transfer taxes… Some people have asked me about “What is a transfer tax?” We are starting to see more and more of the transfer taxes here in Summit County. They are normally put into place by municipalities or taxing entities that want to collect upon each sale that occurs every time the …

Tips on Navigating your Title Work… from Land Title

Kate Marrone First Time Homebuyer Info, Info on Real Estate Transactions Leave a Comment

Again, I’m going to leave the title stuff to the title experts… Click the link below for a great post from Land Title Guarantee Company’s blog on what to look for within your title commitment. http://www.ltgc.com/marketing/topic?id=1043  

Title Commitment? Title Insurance? Title Company?? What is all this… and do I need it?

Kate Marrone First Time Homebuyer Info, Info on Real Estate Transactions Leave a Comment

Title work reveals who may have interests to the subject property and to what extent.  Title commitment describes what has been uncovered regarding the property, what has to take place for a policy to be provided and what can and can not be covered.  Title insurance is the guarantee that the buyer/seller purchases to ensure there are no other potential …

Six Steps to Transfer Title… by Stewart Title

Kate Marrone First Time Homebuyer Info, Info on Real Estate Transactions Leave a Comment

There are 6 Basic Steps the Title Company performs in order to successfully transfer the title of a property from Seller to Buyer.  They are: 1. Earnest Money escrowed 2. Tax Certificate 3. Title History Research 4. Title Examination 5. Document Preparation 6. Closing & Settlement Click below for an illustration of the sequence of events to transfer title via Stewart …

How to Review a Title Commitment… by Title Co. of the Rockies

Kate Marrone First Time Homebuyer Info, Info on Real Estate Transactions Leave a Comment

The link below will direct you to a great page by page guide to Title Commitment provided by Title Company of the Rockies.  Title Commitment is one of the first documents you will receive, as a buyer or a seller, after going Under Contract.  This primer breaks down each section of the document to help you understand what it all …