Jennifer's Tips for Hiring a Home Inspector

When it comes to buying a home, it is important to hire a home inspector to give you an unbiased opinion as to the state of the home.  But finding a good home inspector may be harder than you think.  If you do not know a home inspector, as your Panama City Beach realtor I can recommend a few to you but then it is up to you to do your due diligence in hiring.

1. Start by asking what their qualifications are and their experience.  Ideally they have had training in construction, maintenance standards as well as experience in home inspections.  But keep in mind that they likely will not be an expert in every area and may recommend bringing in specialists for things such as pool inspections if they have

Title Insurance - What it is and why you need it.

Title insurance is a contract between the title underwriter (Insurer) and the insured (home owner) whereby the title underwriter (Insurer) agrees to indemnify the insured for all loss (up to the amount of the policy) and expenses which the insured (home owner) may suffer by reason of the title to real property being other than as represented in the title policy.

The coverage of the policy, like all policies of insurance, is subject to the conditions, exception and exclusions provided in the policy.

A title insurance policy is a guarantee against the possibility of loss if the attorney/closing agent makes an honest mistake. An attorney’s liability is restricted by his or her ability to pay

Typical costs and expenses you incur when buying real estate

When buying real estate, not only do you need to consider the cost of the property but the other expenses that you are going to incur. By working with a Panama City Beach Realtor you will have someone who can give you an idea of what the costs will be to prepare you.

One of the highest costs is the cost to close which is related to applying for a loan and the property appraisal.  Another factor that is lumped into these costs is the loan origination fee which is paid to the lender.  These fees are paid by the buyer and can be up to three percent of the money being borrowed but can be negotiated with the seller.

Another item you may run into when making a purchase is a loan