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The Complete Guide to Your Real Estate Closing: Answers to All Your Questions - From Opening Escrow, to Negotiating Fees, to Signing the Closing Papers
A PAPERBACK ORIGINAL The first simple guide to understanding the real estate closing process Closing and escrow are among the most importantand least understoodcomponents of a real estate transaction. The Complete Guide to Your Real Estate Closing takes the mystery out of the confusing, expensive process by giving real estate professionals, investors, and consumers a step-by-step explanation. In simple, everyday language, the book explains closing documents and paperwork, what to do when something goes wrong, mortgage options, how to save money on title insurance, problems that can occur on a title report, and much more. With sample forms, work sheets, and more, this sophisticated but accessible book covers:
- GenresReferenceNonfiction
300 pages, Paperback
First published August 21, 2002
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Displaying 1 - 2 of 2 reviews
October 10, 2017
Overall, an informative book with some sections being more useful than others.
The best chapters defined what a closing is and explained why closing agents are involved in real estate transactions. Why we put ourselves through these elaborate, multi-week, multi-step processes ending with a one-day signature blitz now makes a lot more sense to me.
The chapter on title insurance was clear and informative; nowhere have I found a better explanation and case for obtaining title insurance. As Gadow says, "it insures against claims made by third parties against the title." Do you want an heir of somebody who owned the house a hundred years ago to make a claim on your house? Spoiler alert--if you are buying a property, you need to buy title insurance!
Half of the chapters were less useful. The parts about loans and financing were either unclear or shifted from beginner to advanced haphazardly. A chapter on handling tax-deferred exchanges sailed right over my head. I'm not sure how many people are exchanging properties rather than buying and selling them.
This book should be useful to prospective buyers, sellers, and professionals in any field that touches the real estate market (housing, finance, taxes, etc) but be prepared to skim over some parts.
The best chapters defined what a closing is and explained why closing agents are involved in real estate transactions. Why we put ourselves through these elaborate, multi-week, multi-step processes ending with a one-day signature blitz now makes a lot more sense to me.
The chapter on title insurance was clear and informative; nowhere have I found a better explanation and case for obtaining title insurance. As Gadow says, "it insures against claims made by third parties against the title." Do you want an heir of somebody who owned the house a hundred years ago to make a claim on your house? Spoiler alert--if you are buying a property, you need to buy title insurance!
Half of the chapters were less useful. The parts about loans and financing were either unclear or shifted from beginner to advanced haphazardly. A chapter on handling tax-deferred exchanges sailed right over my head. I'm not sure how many people are exchanging properties rather than buying and selling them.
This book should be useful to prospective buyers, sellers, and professionals in any field that touches the real estate market (housing, finance, taxes, etc) but be prepared to skim over some parts.
February 22, 2023
Overall I would rate this book great if you don't know much when it comes to closing a real estate sale. Many of your questions will be answered in a reasonably straightforward manner.
- Every time your property gets appraised property taxes will either go up or go down
- Before contemplating a loan, figure out a monthly amount you would be comfortable with paying
- Every time your property gets appraised property taxes will either go up or go down
- Before contemplating a loan, figure out a monthly amount you would be comfortable with paying
Displaying 1 - 2 of 2 reviews