March 14, 2018
Here's some very interesting information provided by my friends at Chicago Title.
Generally, one of the first disclosures that a Seller will provide to the Buyer is the so-called "Prelim Report". This report will be ordered by the Listing Agent through the Title Company that the Buyer and Seller have agreed to use, in their Purchase and Sale Agreement. The Prelim Report itself is "free" but is a component of the cost of Title Insurance, which is typically a Seller Closing Cost.
The Prelim Report is VERY IMPORTANT! The matters disclosed on the Prelim Report are:
Great stuff that you and your Agent should discuss in detail.
Mark Wilson is a licensed California Real Estate Broker and is the Co-Founder of ListingBidder.comblog comments powered by Disqus