Real Estate Settlements in Washington, DC and Maryland; A Stress-Free
Settlement
Services for Real Estate Buyers
Buying
a home is one of the most important decisions you will make in your life.
After all the time and effort you and/or your Realtor have already expended
in locating the perfect home, arranging financing, negotiating the
terms of your purchase and tending to the myriad details involved in
actually moving into your new home, the last thing you want is a stressful
closing, a delayed closing, or worse, no closing at all.
Contract Review - We
will review your purchase offer contract before it is offered.
Important Note! Unlike many other jurisdictions, in the DC Area purchase
offers are typically made on the Association of Realtors standard form and
once accepted by a Seller constitute a binding contract!. Please
consult legal counsel before making written offers.
Title
Search/Examination/Arrange Title Insurance -
We arrange with title abstractors to search all relevant records to
determine the state of title on the property. We examine the search and if
necessary will take action to clear up title defects to endeavor to provide
you with insurable title.
Prepare/Review Loan
Documents - We will review the
paperwork prepared by mortgage brokers/lenders and if necessary prepare
additional deeds of trust for seller takebacks or other financing
arrangements.
Prepare and Record your
Deed - We will prepare and record
your Deed and explain the various ways of holding title such as: Sole,
Tenants By the Entireties, Tenants in Common, Joint Tenants with rights of
Survivorship, revocable living trusts, and the implications of
each type of tenancy.
Arrange for Survey of
Property - We will arrange
for site location survey or if desired a full stake survey, we will explain
the differences and costs involved.
Escrow Agent -
We will collect, hold and disburse all funds required to complete the
transaction.
Prepare and Explain
Settlement Sheet - All settlement
agents will prepare a settlement sheet, we not only will prepare it but
will fully explain each and every item on it so you will know what your
costs are BEFORE reaching the settlement table. All our settlement
statements fully comply with the latest Housing and Urban Development Real
Estate Settlement Procedures Act (RESPA) regulations, are generated by
computer and are presented in a clear format.
We are available to answer all
Frequently Asked Questions (FAQs) and handle all last minute surprises.
