Purchasing a home can be a rewarding experience, but there may be delays in the closing due to situations that could have been avoided. At First American Title, we understand that by keeping you informed and helping you prepare for the closing day, it is likely you will have a ...

Home Buying Terms

Acknowledgment:

A formal declaration

made before an authorized official (usually a notary public) by the person who has executed (signed) a document that his/her own act and deed. In most instances, documents must be acknowledged (notarized) before they can be accepted for recording.

Adjustable Rate Mortgage ...

FINANCING

GETTING PRE-QUALIFIED

Once you have an idea of the type and size home you want and the area you’d like to look in, you should be pre-qualified by a Lender. By doing this before looking for a home, you’ll save yourself time, energy and frustration because pre-qualification can:  ...

WHO PAYS WHAT?

THE SELLER CAN GENERALLY EXPECT TO PAY FOR ...

INSPECTION PROCESS

During the contingency period, the Buyer or Seller will order physical inspections as specified in the Purchase Agreement. Legislation mandates (under Civil Code 1102) that the Seller has the responsibility to reveal the true condition of the property on a Transfer Disclosure Statement. This may help determine ...

TITLE INSURANCE

In California, most real estate transactions ...

LIFE OF A PURCHASE & SALE TRANSACTION

It all begins with the offer and acceptance skillfully negotiated by the Realtors® representing Buyer and Seller. Buyer

• Submits a written offer to purchase (or accepts the Seller’s counter-offer accompanied by a good faith deposit amount.

• Applies for a new loan ...

WHO’S WHO?

Professionals involved in your transaction. REALTOR® A licensed real estate agent and a member of the National Association of Realtors, a real estate trade association. Realtors also belong to their state and local associations of Realtors.

LISTING AGENT

The listing agent or broker forms a relationship with the ...

HOME BUYING PROCESS

1. Get Pre-Qualified by Lender

• Obtain pre-qualification letter.

2. Property tours

• Tour homes that suit your needs and preferences.

• Educate yourself about the current housing market.

3. Target an IDEAL home and write an offer

• Deliver your earnest money deposit (this ...

5 Common Property Title Problems, Buying a Home

Have you ever wondered why you need title insurance? Your home might be new to you, but every ...