5 Things to Know About Title Insurance

Title insurance protects the holder from any losses sustained from defects in the title. It’s required by most mortgage lenders. Here are five other things you should know about title insurance.

1. It protects your ownership right to your home, both from fraudulent claims against your ownership and from mistakes made in earlier sales, such as mistake in the spelling of a person’s name or an inaccurate description of the property.

2. It’s a one-time cost usually based on the price of the property.

3. It’s usually paid for by the sellers, although this can vary depending on your state and local customs.

4. There are both lender title policies, which protect the lender, and owner title policies, which protect you. The lender will probably require a lender policy.

5. Discounts on premiums are sometimes available if the home has been bought within only a few years since not as much work is required to check the title. Ask the title company if this discount is available.

For more info… visit Title Insurance – The Consumer’s Guide.

All my best, 
Myra Spano, REALTOR® 
 

About the Author:
 
Myra Spano is a service and results oriented real estate agent with her client’s goals as top priority.  Myra is recognized as a top producing agent in her office in Virginia Beach and enjoys working with both buyers and those selling their homes.
 

For information about purchasing a home in Virginia Beach, visit her website.  This site is focused on homes available for sale in Hampton Roads, Virginia.  Email, call or text to make an appointment begin your home search.


If you are considering selling your home in Virginia Beach or one of the surrounding areas, visit the seller’s website to request a Free Market Analysis of your property.
 
Myra Spano & Prudential Towne Realty is awaiting to provide the real estate guidance you need.  Contact us now to make your home dreams come true!
Advertisements

Your Property Wish List

What does your future home look like? Where is it located? As you hunt down your dream home, consult this list to evaluate properties and keep your priorities top of mind.

□         Neighborhoods

 What neighborhoods do you prefer?

□         Schools

 What school systems do you want to be near?

□         Transportation

 How close must the home be to these amenities:

  • Public transportation
  • Airport
  • Expressway
  • Neighborhood shopping
  • Schools
  • Other

□         Home Style

  • What architectural style(s) of homes do you prefer?
  • Do you want to buy a home, condominium, or townhome?
  • Would you like a one-story or two-story home?
  • How many bedrooms must your new home have?
  • How many bathrooms must your new home have?

 □         Home Condition 

  • Do you prefer a new home or an existing home?
  • If you’re looking for an existing home, how old of a home would you consider?
  • How much repair or renovation would you be willing to do?
  • Do you have special needs that your home must meet?

□         Home Features  

Please circle one of the choices: Must Have, Would Like, Willing to Compromise, Not Important

Front yard                         Must Have    Would Like    Willing to Compromise    Not Important

Back yard                           Must Have    Would Like      Willing to Compromise   Not Important 

Garage ( __ cars)           Must Have     Would Like     Willing to Compromise   Not Important 

Patio/Deck                        Must Have  Would Like  Willing to Compromise    Not Important 

Pool                                        Must Have    Would Like    Willing to Compromise  Not Important 

Family room                         Must Have     Would Like    Willing to Compromise   Not Important 

Formal living room             Must Have    Would Like      Willing to Compromise    Not Important 

Formal dining room           Must Have      Would Like    Willing to Compromise  Not Important 

Eat-in kitchen                      Must Have     Would Like    Willing to Compromise Not Important 

Laundry room                      Must Have     Would Like  Willing to Compromise  Not Important    

Finished basement            Must Have    Would Like     Willing to Compromise   Not Important 

Attic                                       Must Have    Would Like   Willing to Compromise   Not Important 

Fireplace                              Must Have   Would Like     Willing to Compromise   Not Important 

Spa in bath                           Must Have   Would Like    Willing to Compromise   Not Important 

Air conditioning                   Must Have    Would Like   Willing to Compromise   Not Important 

Wall-to-wall carpet             Must Have     Would Like   Willing to Compromise   Not Important 

Wood floors                         Must Have     Would Like    Willing to Compromise  Not Important 

Great view                           Must Have     Would Like     Willing to Compromise   Not Important

 □         Other notes: 

For more info on a neighborhood, visit www.picketreport.com and have fun searching!

All my best, 
Myra Spano, REALTOR® 
 

About the Author:
 
Myra Spano is a service and results oriented real estate agent with her client’s goals as top priority.  Myra is recognized as a top producing agent in her office in Virginia Beach and enjoys working with both buyers and those selling their homes.
 

For information about purchasing a home in Virginia Beach, visit her website.  This site is focused on homes available for sale in Hampton Roads, Virginia.  Email, call or text to make an appointment begin your home search.


If you are considering selling your home in Virginia Beach or one of the surrounding areas, visit the seller’s website to request a Free Market Analysis of your property.
 
Myra Spano & Prudential Towne Realty is awaiting to provide the real estate guidance you need.  Contact us now to make your home dreams come true!

5 Common First-Time Home Buyer Mistakes

Are you a first-time home buyer? Don’t make these mistakes…

1. They don’t ask enough questions of their lender and end up missing out on the best deal.

2. They don’t act quickly enough to make a decision and someone else buys the house.

3. They don’t find the right agent who’s willing to help them through the homebuying process.

4. They don’t do enough to make their offer look appealing to a seller.

5. They don’t think about resale before they buy. The average first-time buyer only stays in a home for four years.

Contact me for a free home buyer consultation!

All my best, 
Myra Spano, REALTOR® 
 

About the Author:
 
Myra Spano is a service and results oriented real estate agent with her client’s goals as top priority.  Myra is recognized as a top producing agent in her office in Virginia Beach and enjoys working with both buyers and those selling their homes.
 

For information about purchasing a home in Virginia Beach, visit her website.  This site is focused on homes available for sale in Hampton Roads, Virginia.  Email, call or text to make an appointment begin your home search.


If you are considering selling your home in Virginia Beach or one of the surrounding areas, visit the seller’s website to request a Free Market Analysis of your property.
 
Myra Spano & Prudential Towne Realty is awaiting to provide the real estate guidance you need.  Contact us now to make your home dreams come true!

Moving Checklist for Sellers

Sellers!!! It’s time to get moving… 

Here’s a handy checklist for you to use.

□         Provide the post office with your forwarding address two to four weeks ahead of the move.

□         Notify your credit card companies, magazine subscriptions, and bank of your change of address.

□         Create a list of friends, relatives, and business colleagues who need to be notified about your move.

□         Arrange to disconnect utilities and have them connected at your new home.

□         Cancel the newspaper, or change the address so it will arrive at your new home.

□         Check insurance coverage for the items you’re moving. Usually movers only cover what they pack.

□         Clean out appliances and prepare them for moving, if applicable.

□         Note the weight of the goods you’ll have moved, since long-distance moves are usually billed according to

weight.  Watch for movers that use excessive padding to add weight.

□         Check with your condo or co-op about any restrictions on using the elevator or particular exits for moving.

□         Have a “first open” box with the things you’ll need most, such as toilet paper, soap, trash bags, scissors,

hammer, screwdriver, pencils and paper, cups and plates, water, snacks, and toothpaste.

Plus, if you’re moving out of town, be sure to:

□         Get copies of medical and dental records and prescriptions for your family and your pets.

□         Get copies of children’s school records for transfer.

□         Ask friends for introductions to anyone they know in your new neighborhood.

□         Consider special car needs for pets when traveling.

□         Let a friend or relative know your route.

□         Empty your safety deposit box.

□       Put plants in boxes with holes for air circulation if you’re moving in cold weather.

Also, for help on moving, visit www.movecentral.com for more information.

All my best, 
Myra Spano, REALTOR® 
 

About the Author:
 
Myra Spano is a service and results oriented real estate agent with her client’s goals as top priority.  Myra is recognized as a top producing agent in her office in Virginia Beach and enjoys working with both buyers and those selling their homes.
 

For information about purchasing a home in Virginia Beach, visit her website.  This site is focused on homes available for sale in Hampton Roads, Virginia.  Email, call or text to make an appointment begin your home search.


If you are considering selling your home in Virginia Beach or one of the surrounding areas, visit the seller’s website to request a Free Market Analysis of your property.
 
Myra Spano & Prudential Towne Realty is awaiting to provide the real estate guidance you need.  Contact us now to make your home dreams come true!