| In the process of purchasing a home there are two | | | | that you do not owe, having the previous owners |
| vital steps that are sometimes overlooked. | | | | clear this up is an absolute necessity. Liens can affect |
| Unfortunately these are two of the most important | | | | the closing of the sale and tie things up in paperwork |
| steps and have more potential to cost the buyer | | | | for quite some time. |
| extra money than any others. These steps are the | | | | Home inspections are another area that is sometimes |
| securing of title insurance and a proper home | | | | overlooked. At times, sellers will take an offer that |
| inspection. This article will explore these processes in | | | | skips the home inspection if there are multiple |
| further detail in an attempt to show the importance | | | | competing offers. This benefits only the seller. Be |
| to any home buyer. It is of course important to see | | | | wary of any seller that wants to skip the inspection, |
| to all aspects of a home purchase with equal | | | | they could be trying to hide aspects of the home |
| intensity to ensure you get the best deal possible but | | | | that they know will not pass inspection and affect |
| these two steps are sometimes shrouded in mystery | | | | their bottom line. Concerns that arise during the |
| and overlooked. | | | | inspection should be discussed between buyer and |
| The title insurance is simply insurance that is obtained | | | | seller and it is typically the responsibility of the seller |
| from an insurance company that insures the property | | | | to fix any concerns unless a different agreement is |
| title. This is done in order to make sure that the | | | | reached between the two parties. So be careful not |
| property's title is clear and free from hidden claims or | | | | to be taken advantage of during the home purchase |
| liens. If this is not the case then hidden fees can | | | | process, you are spending a lot of money and |
| suddenly spring up as creditors attempt to take their | | | | deserve the home of your dreams. |
| owed money out of the property. As this is money | | | | |