Virginia Home Title

Virginia Home Title & Settlements is a Virginia-licensed real estate settlement agent. We conduct title exams to ensure that the property has clear marketable title and offer both owner’s and lender’s title insurance. This includes, but is not limited to, past Deeds of Trust/Mortgages, judgments, mechanical liens, financing statements, road maintenance agreements, easements, and limitations.

We conduct real estate closings and transport recording papers, such as deeds of sale and trusts, to the proper courthouse for recording. We overnight payoffs and follow up to verify that the Deeds of Trust are freed from the property if we are the disbursing agency. Throughout the settlement process, we are also ready to answer any questions and address any issues you may have.

Buying Real Estate in Virginia: A Step-by-Step Guide

Home ownership is a worthwhile investment. It is one of the few investments that, unlike stocks and bonds, you can truly use and enjoy. Financing is widely accessible, and interest rates are low, enabling for purchases with modest down payments. Because of this leverage, the rate of return on invested money can be significantly higher than that of traditional investments. Tax policies that favor mortgages allow for a deduction for interest paid, thereby decreasing the true mortgage payment.

If you’re new to real estate, you’ve probably wondered about the distinctions between today’s most popular real estate professions. You may have heard the terms “real estate agent,” “Realtor,” “broker,” and “salesperson” used in the sector. This may be highly confusing, especially as several of these titles are frequently used interchangeably, despite the fact that there are significant variations between them. The basic truth is that a REALTORĀ® must have additional credentials and training and is held to a higher standard.

Real estate brokers may help both the buyer and the seller. Agents must indicate whose side they represent in writing. You will be prompted to sign this disclaimer to acknowledge receipt. In a Real Estate Transaction, it is critical that both the buyer and seller have a professional advocate for them. They both have extremely unique interests in the transaction and must be appropriately represented.

Buyer agents will require you to sign an exclusive retainer agreement and pay a retainer charge (usually refunded when you settle). The agreement might be “exclusive,” which implies you commit to exclusively work with that agency. In most circumstances, the buyer agent’s fee is paid at settlement by the seller. However, if you sign an exclusive buyer agency agreement and then buy a property from someone else, you will be obligated to pay the buyer agent a fee.

Agents can pre-qualify you to evaluate your pricing range and financing options. Agents find suitable homes, offer information on similar transactions, assist in the selection of financing, and draft the sales agreement. In addition, the agent will function as a “go between” in the talks between the buyer and the seller. After drafting the contract, the agent arranges for various services to assist you with closing (such as a house inspection, termite inspection, and so on) and eventually processes the case to settlement.

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