closing process

I sat down with William Marx, General Manager at Title WRX Agency in Royal Oak, Michigan, for a conversation that I think every buyer, seller, and real estate professional in Metro Detroit needs to hear. Title insurance is one of those things that shows up on every closing statement, yet very few people fully understand what it does, why it matters, or what's actually happening behind the scenes between...

Once you go under contract on a home, most buyers and sellers assume the hardest part is behind them. In reality, this is the phase where real estate transactions are most likely to fall apart if expectations are not set properly. If you are buying or selling a home in Metro Detroit, understanding what actually happens after a contract is signed can help you stay calm, make better decisions, and avoid...

You accepted an offer, cleared inspection, and made it through the appraisal. For most sellers, that feels like the finish line. It is not. The closing process for home sellers in Metro Detroit runs 30 to 45 days after an accepted offer, and it involves more moving parts than most people expect. Documents have to be prepared, signed, and recorded. Your mortgage payoff has to be calculated to the day....

Congratulations on accepting an offer on your home! Did you know that selling a home doesn’t stop at the purchase agreement? Here’s the detailed steps after accepting a purchase agreement as a home seller on what comes next and how to make sure the rest of the transaction goes smoothly. Open Escrow The first step is opening an escrow account with a neutral third party, typically an escrow...