Diana Rafeedie-Nofal’s Post

You have a choice when buying or selling real estate. You can pick the title company and escrow agent you want to use. Typically, in Oregon, the Seller gets to choose the company as they pay the title insurance premium for the Buyer’s title coverage in the transaction. But that is not a law or required. You, the consumer, may pick the title and escrow company. If the Seller does not have a preference, they will allow you to use the company of your choice. To learn more about this and how Team Ward can support you, contact us today! ✉️ teamward@westerntitle.com

Preparation is key for a smooth closing. Organise property records, warranties, and repair receipts. Stay in touch with your agent and closing agent for a seamless transition to closing day. 📑✅ #SmoothClosing #PreparationIsKey

Notary Nugget: A hold harmless agreement clause is used as a release of liability in a contract that protects one party from injury or property damage caused by another party. By signing the clause, the other party is agreeing not to hold business owners legally responsible for the risk involved in certain services. Example: You have a investment property. Your ready to sell it and the tenants neglected to pay the electric bill and left a large balance due. You (seller) do not want to pay it because your trying to sell it. SO, the buyer is fully aware of the balance and is still eager to buy the home. SO, he/she agrees to sign a Hold Harmless Agreement which takes the pressure of liability off you, title and perhaps underwriter. All have parties agreed! Let’s sign and seal the deal ✍🏾

When buying a home, you want to protect yourself, and the seller wants to be protected too! Meet contingencies and disclosures, contract clauses that help protect all parties involved. Learn about their value in this blog! Missy Minner RE/MAX Titanium 407.916.9036

Are you serving preliminary notices to protect your mechanic's lien rights? If so, you're probably serving a notice upon the owner and contractor, which is smart! But did you know you might have to serve the lender too? Read this post to learn more. https://lnkd.in/gT5x8QY2

Unexpected liens can jeopardize a deal, impact the price of a company, or cause post-closure issues. Here are some examples of hidden liens and some tips for improving your search strategy. https://ow.ly/qsmo50PwbLw #liens #corporatetransactions

Disclose past repairs or renovations: Inform potential buyers about any repairs or renovations you have made and provide details about when they were done, who performed them, and any warranties or guarantees associated with the work. Document known issues: Keep records of any known issues or complaints related to the property, including notices from authorities or disputes with neighbors. Be transparent about property history: Disclose relevant information about the property's history, such as insurance claims, liens, easements, or encroachments. Also, inform buyers about any stigmatizing events or occurrences on the property. Seek professional guidance: Consult real estate agents, attorneys, or other professionals experienced in handling disclosures to ensure compliance with legal requirements. By being thorough, honest, and transparent with your disclosures, you can establish trust with potential buyers and minimize the risk of legal issues in the future.

NREIG's Jacqui Price collaborates with REI INK Magazine on the do's and don'ts of insuring Subject To properties. This is one you don't want to miss. Take a look! #REInsurePro #SubjectTo #SubjectToProperties #InsuringSubjectTo #RealEstateInvesting #RealEstateInsurance

Recently, we had a unique experience in an appraisal. We dealt with a lovely home where the owner, facing unresolved issues with their insurance claim, resorted to a quick fix. A handyman was hired to cover all the water damage using Kilz. Surprisingly, the insurance company’s appraiser considered this a complete repair. However, our appraiser took a deeper look. After talking to the homeowner, we managed to get pictures of the actual damage. It turned out to be more severe than initially thought, leading to the replacement of all damaged ceilings by the end of the appraisal process. It’s somewhat frustrating to see how often temporary repairs are mistaken for permanent solutions. I don’t believe there was any unethical intent in this case. It seems to be a matter of insufficient information, which only came to light thanks to our appraiser’s thorough investigation. #appraisal #risedoc We Write - you Adjust, Build, & Litigate - 800-272-1601 - #HurricaneClaims #claimwrite #largeloss #x #RemoteEstimates #writeloss #xactimate #Appraisal #claimslife #estimates #umpire #3D #Matterport #buildingconsultants #expertwitness #supplements #inspections #Protools #level3Xactimate #legalsupport #INSURANCECLAIMS WriteLoss™ - Claim Write Inc. 800-272-1601