by Nate Ward
on Thursday, July 27th, 2017 at 2:39pm.
An overview of title insurance when it comes to owning a home.
When you buy your home, you receive a deed, which shows that the seller transferred their legal ownership to you. Legal ownership is called the “title.” Title insurance protects you in case there is any legal trouble down the line.
Title insurance is crucial when it comes to completing your home purchase. It protects you and the lender from the possibility that your seller (or previous sellers) don’t have total ownership of the house and/or property. If they don’t, they may not be able to transfer full ownership over—but title insurance prevents that from happening.
A couple of questions to ask about title insurance include “is the seller pushing a specific title company?” or “who do I trust?” If you pay for the title insurance, you should be able to select a company of your choice. Also, if you’re seeking advice from your lender, real estate agent and/or seller, turn to your lender. Your lender has your best interest, as they are guaranteeing a lot of money based on the fact that the property you’re using as collateral is actually yours.
There is a time you do not need title insurance. If you’re buying co-op housing, you won’t actually own any property—you’re actually buying shares in a corporation so you won’t need title insurance.
As far as price, what you pay for title insurance is based on where you live and of course the actual policy. Title insurance could cost you a couple hundred to a couple thousand dollars, depending on how much your home costs.
New Listings in Washington DC
Refine your search to less than 500 properties to save.
Charming row home with original detailing! Hardwood flooring, fireplace in living room, newer windows and 2 off street parking spots! Exposed brick in the kitchen. Large master bedroom. Fenced in patio plus front porch makes for great outdoor space! Ideal location close to H St Corridor! Rough in exists in walk-out basement for additional bathroom. New plumbing through out with copper pipes completed 2019. Needs some updating to kitchen &
Charming & bright semi detached home on quite, tree-lined street with 3 bedrooms & 2 full baths. Welcoming front porch with ceiling fan, living room with built-in book shelves, dining room, updated kitchen, family room & back deck. Large rec room opens to patio & private fenced back yard with steps up to the deck. Great location close to restaurants & shops along MacArthur Boulevard.
Welcome to this marvelous Hillcrest stone colonial, located conveniently between Pennsylvania Ave and the Suitland Parkway. Naylor metro is a hop jump and skip away from this homeowners dream. The home features a newly remodeled, open concept kitchen with granite island and stainless appliances. First floor features a sunroom leading out to a beautiful, freshly stained deck overlooking the manicured, fenced back garden. Wonderful office, half
Located in the sought after Glover Park neighborhood, this fully updated, sunny Federal town home has custom details and includes the original hardwood floors on two levels, chef~s kitchen with top-of-the-line appliances and stunning granite countertops. The kitchen opens to a separate dining room and has access to a large deck, great for entertainment. Space for a small office adjoins the kitchen. There is a convenient first floor powder room.
West facing Interior row home in Ledroit Park with hidden possibilities. Home has been well loved for over 40 years. 3 bedrooms 2 baths,no basement, small rear yard for parking. Evidence of structural damage. Home is being sold Strictly " AS IS".
1745 N is a brand new development featuring two distinctive buildings that will be comprised of the Historic Row and The Modern Flats located in the heart of DuPont Circle. With over 25 different plans for the 68 residences to choose from delivering Summer 2018. Residence 213 is an open 2 bedroom/ 2 bathroom home with Southern and Northern exposure and is stunning.
1745 N is a brand new development featuring two distinctive buildings that will be comprised of the Historic Row and The Modern Flats located in the heart of DuPont Circle. With over 25 different plans for the 68 residences to choose from delivering Summer 2018. Residence 108 is a stunning 2 bedroom/ 2 bathroom flat with an amazing walk out terrace.
3BR, 3.5BA available in Eastbanc's newest luxury project The Westlight. Amazing light from the floor-to-ceiling windows, sleek kitchens and baths. White glove service- 24hr concierge, doorman, porter, in unit engineer program, 2 garage pkg, a 25-meter roof top pool and a fitness center. Walking distance to many fine restaurants, Kennedy Center, Metro.
625 - 633 Park Road Historic Church Condominium Buildings is the combination of Historic and Modern units. 1 Br Starting from $285K - $599K and 2 BR from $479K - $899K. Units features high ceilings , European cabinets, GE Cafe Appliances, Quartz countertops, Wide Hardwood floors, Standing Showers and Jetted Tubs, Elevator building, units with Private Roof Top decks and much more ...
The listing content relating to real estate for sale on this web site is courtesy of MRIS. Listing information comes from various brokers who participate in the MRIS IDX.Properties listed with brokerage firms other than Capital Park Team are marked with the MRIS Logo and detailed information about them includes the name of the listing brokers.The properties displayed may not be all the properties available. All information provided is deemed reliable but is not guaranteed and should be independently verified.All listing information copyright MRIS 2020.
Listing information last updated on April 4th, 2020 at 11:15pm EDT.
Compass is a licensed real estate brokerage that abides by Equal Housing Opportunity laws. Information is compiled from sources deemed reliable but is not guaranteed. All measurements and square footages are approximate. This is not intended to solicit property already listed. Compass is licensed as Compass Real Estate in DC and as Compass in Virginia and Maryland. 1313 14th Street NW, Washington, DC 20005 | 202.386.6330