Tag Archives: Sale

Do I need a title search?

Posted on by
Reply

If you are new to home buying or selling and are trying to complete a transaction without a real estate professional, you may wonder why it is recommended to get a title search. The main reason that it is strongly encouraged is because it’s an avenue to ensure the piece of real estate is real and valid that you are purchasing. The title company checks for outstanding liens against the property and provides insurance as well as ownership history. This helps protect all parties involved. For example, the buyer wouldn’t ideally want to buy a home only to discover there is an outstanding lien on the property that has now become their legal responsibility. That new owner could end up being financially responsible for the full amount due even though they did not own the property when the bill resulted. By working with a title company on your closing, you have the piece of mind that a search has been done by the title company to ensure the property you are buying has “marketable” title and is able to be sold and by getting title insurance there will be some protection from things that could happen. If this process was not done, then you could potentially buy a home only to discover that there are other parties that may have ownership rights to the property as well the ability to use your property due to an existing easement in place. Also, it’s worth noting that if you are purchasing the real estate with a mortgage, your lender will likely require a title insurance policy as a condition of the financing being provided.

To learn more information about title companies, check out this article

If you are looking for a Title Company to speak with in Delta County, I would encourage you to contact these companies to assist you:

Bay Title & Abstract

905 N Lincoln Rd

Escanaba, MI 49829

(906) 233-9000

http://www.baytitle.com/

Delta Title & Abstract

201 Ludington St

Escanaba, MI 49829

(906) 786-3582

https://www.deltaabstract.com/

If you have questions about the home buying or selling process in the Upper Peninsula of Michigan, feel free to contact me. Whether your purchase or sale of a property is in the near future or further down the road, I’m here to help you on your real estate journey. My name is Rick Curtis and I am an Associate Broker with Key Realty Delta County in Escanaba, MI. Call/Text (906) 280-6118 or email Rick@KeyRealtyUP.com

Buying Vs. Renting

Posted on by
Reply

What’s better: buying or renting a home? It depends on you. My wife and I have done both at different points of our life. One advantage of renting is the convenience of not having to make a hard commitment to the area you are living in. Another is when you rent you don’t have to worry about the maintenance factors, (ex: furnace going out, appliances breaking, etc) because your landlord addresses these for you. You pay your rent and go about your day to day. However, you don’t develop any equity in your property. For example, at the end of 10 years renting, you have paid for the privilege of renting, without any equity in where you live.

If you decide to become a homeowner this changes quite a bit. All of a sudden you are responsible for everything. If the furnace goes out (and you know, this does happen!), you have to either fix it yourself or find someone to fix it for you. You become “Master of your Castle” and how you handle each occurrence is up to you. Hopefully you will start to develop equity in your home. Check out this Forbes article about the 7 financial advantages of home ownership.

Being a renter or homeowner is a matter of preference. If you are looking for a long term avenue for building equity, home ownership is a way to helping you accomplish this.

For more information about the difference between renting vs. buying check out the following:

Fidelity Rent vs. Buying

Nerd Wallet Rent vs. Buy Calculator

If you have questions about the home buying or selling process in the Upper Peninsula of Michigan, feel free to contact me. Whether your purchase or sale of a property is in the near future or further down the road, I’m here to help you on your real estate journey. My name is Rick Curtis and I am an Associate Broker with Key Realty Delta County in Escanaba, MI. Call/Text (906) 280-6118 or email Rick@KeyRealtyUP.com

Recent Sale

Posted on by
Reply

Congratulations to my buyers! They completed their purchase this weekend with big plans to come for this property in the future! I truly enjoy being able to help my clients put puzzle pieces together to form their dreams they envision!⠀

Listing Special for the Month of August!

Posted on by
Reply

For the month of August our office is offering a free home warranty with each new qualifying listing this month. August marks our office’s one year Anniversary and as a result we plan to celebrate all month long by offering an extra benefit for the clients we serve. For questions and more details, please reach out and Call or Text (906) 280-6118.