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What is a Title Search?

It may seem like there are a million steps to the closing process when buying or selling a home. A title search is just one of the many stages and title problems may account for almost 10% of closing delays. As a seller, doing a preliminary title search can help avoid costly delays at the end. So, what is a title search and what does it disclose?

In the simplest form, a title search identifies who owns the property. This may be obvious, but surprisingly, sometimes the party selling the home may not actually have the legal right to do so, at least on paper. For example, in the case of a married couple, the property might be in only one spouse’s name. Another example would be a property held in trust or probate; it could take some paperwork to correct title to allow a sale.

A title search also uncovers any existing liens on the property. This would include any current mortgages and may find old debt or unreleased loans. Items which must be paid off or removed prior to sale. Finally, a title search will list any deed restrictions, such as easements or property restrictions.
If the title search does find any issues, the seller will need to remove them before the closing can occur. Once the sale is closed, title insurance ensures the new owner against any title issues that were not discovered during the search.

No one wants unexpected delays during closing. A seller can help mitigate title issues by running a preliminary title search at the time of listing. This gives them plenty of time to address any outstanding title issues before it costs buyer and seller valuable time in delays.

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Myrtle Beach Home Improvements with ROI

home repairMyrtle Beach real estate sales have seen great increases in sales and listing activity. Many Myrtle Beach homes for sale have had upgrades to help sell the house. Most people agree that kitchen and bathroom upgrades rank as the top top areas for remodeling.

However, they do not always produce the highest return on investment.

Surprisingly, simply replacing your front door with a metal door adds value and curb appeal to your purchase. New front doors have been producing a very high rate of return over the past 15 years.

Also, when remodeling your kitchen – less may be best. Buyers may not like your style and decide that they will need to remodel it to their liking – same for bathrooms. Keep the upgrades simple – replace cabinet handles and appliances. Consider painting the cabinets and replacing the counter tops.

Your exterior siding is another area that reaps good returns. Again adding curb appeal as the Myrtle Beach weather can cause fading, water stains, and rotting. Painting or replacing with tiles has seen the best return on your investment. – vinyl siding, fiber-cement siding, and foam-backed final have been the most popular choices.

Adding a wood deck you to your home ranks high among return on home renovation dollars spent. One big reason is that decks and patios are a good way to expand living space at a low cost of $8 to $30 per sq. ft.   A new deck adds livable outside area for home owners to enjoy the beautiful Myrtle Beach weather.

Building out your attic into a guest bedroom is another high return home improvement project that creates value to your home and receives a good return on your money. So go ahead and clean out those boxes, pawn the Singer sewing machine, and put the Kodak moments into an album. Make room for a room.

Myrtle Beach Real Estate sales professional at Century 21 Coastal Lifestyles offer home improvement consulting and advice to help you get the most value when selling your home. Whether you are considering major improvements or cost effective  solutions, contact a Myrtle Bech real estate professional at Century 21 Coastal Lifestyle to help you achieve your real estate sales goals.