Michele Buckman has put together some videos discussing the current DC market and what the future may hold for the real estate market in the Washington DC area.
As a first-time homebuyer, there are many new real estate terms and concerns you'll become familiar with. One such term is known as a title, or, simply put, a record of property ownership in which the owner has the legal right to possess a property.
During the purchase of a home, the buyer must employ a title company to do a title search, which closely examines the home's title and looks for any liens against the property. The title search ensures that the buyer has the legal right to buy and re-sell the property and protect others from challenging the homeowner's right to the property.
To further the homeowner's legal right to a property, a buyer purchases title insurance. Title insurance makes the title company legally responsible for any missed items during the title search and if any title problems arise, the title company defends the title in court.
For more information on home titles and title insurance, contact Michelle Buckman. Representing W.C. & A.N. Miller and Christie's Great Estates properties in Chevy Chase, Northwest Washington DC, Capitol Hill, and the Trinidad neighborhood, Michelle works with a full range of clients, notably first-time homebuyers.