September 2021 Real Estate News

TO FIND AN OPEN HOUSE IN GLENVIEW IL NORTHBROOK IL OR MORTON GROVE IL

Are you buying a home in any of these communities? Check out this Market Tracker.

WHAT IS YOUR HOME WORTH? CHECK IT OUT!

This month’s September 2021 Real Estate News provides information about the National Home Sales Increase, three smart features that boost your home’s value and the six tips for homebuyers to use during the closing process. Also, learn about decorating choices that are outdated and what you should know about PMIs. All of this and more in the September 2021 Real Estate News.

Six Tips for Homebuyers During the Closing Process

As the buyer, you should pay close attention during the closing process. A home purchase can fall through because the buyer’s financing does not get approved, the home appraisal comes in lower than expected, there are major home inspection problems, or in rare cases, there are problems with the seller’s title and ownership. Don’t miss these six tips:

The Abstract of Title or Title Insurance Binder
This document gives you the entire ownership history of the home and it’s a good idea to at least read the Requirements and Exceptions items. In order for the binder of title insurance coverage to issue a policy, the title insurer will have some requirements, such as a seller’s ex-spouse providing a quitclaim deed to relinquish any possible future claims, or for payoff of the current seller mortgage and any liens against the property.

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Thank You and Have a Great Day

Marina Jacobson
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