Closing Property Title For Sale In San Diego
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FAQ
A deed and title are closely related — you need both to make a legitimate sale or transfer of property. Having a deed without a title is a bit like buying a new car without getting the keys. You won't get very far without them.
Both the buyer and the seller will incur closing costs. Remember, some fees are negotiable and some are favorable to one side, if you have a specific question you can contact us.
The title shows who's owned the property in the past, contains a physical description of the property and shows any liens on it. If you just bought the home, your mortgage will be on the title as a lien. It's different from a deed, which is a document you get at closing that states you own the property.
In Southern California, the seller customarily pays the premium for title insurance. It has been the practice in Northern California that the buyer customarily pays the premium for title insurance, or occasionally the premium is split between buyer and seller.
On average, closing on a house in California can take anywhere from 30 to 45 days, post-acceptance of an offer. This timeframe is fluid, influenced by the factors mentioned earlier. Each step, from financing approval to inspections, plays a crucial role in the overall timeline.
