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Resources


   

Glossary of Terms


   

What is an escrow?

An escrow is a neutral, independent “stakeholder” account and is the vehicle by which the interests of all parties to the transaction are protected.

   

Transaction Checklist

This 42-step checklist outlines the functions to be performed by your REAL ESTATE TEAM - The REALTOR®, the Lender, and the Title & Escrow Company, for a successful Real Estate Transaction.

   

San Luis Obispo County Escrow Services

Services provided by 1st American Title

   

Q&A: Title Insurance

Title Insurance for the Property Owner

   

Ways of Holding Title

An explanation of the 4 most common ways to hold title to real property

   

Buyer's Questions

Top 9 Questions asked by Buyers

   

Seller's Questions

Top 9 Questions asked by Sellers

   

The Appraisal

Having an idea of what is involved in appraising a piece of property can greatly help in maximizing the appraised value and avoiding costly details and re-inspections.

   

The Preliminary Report

A Preliminary Report is a report furnished in connection with an application for title insurance and are offers to issue a title policy subject to the stated exceptions set forth in the reports and other such matters as may be incorporated by reference therein.

   

Who Pays for What?

A list of costs associated with a real estate transaction and who generally pays.

   

The Title Search

Right after escrow is opened, the escrow officer orders a title search to be conducted to trace the chain of title back through every available record.

   

Tax Prorations

How to determine how much you owe in property taxes when you buy or sell property.

   

Important Real Property Tax Dates

Property taxes are governed by California State Law and collected by the county.

   

California State Withholding

Information for Sellers and Buyers(For Sales Closing in 2006) If you are buying or selling California real property, you should read this information.

   

Why Pay Commissions?

Homeowners attempting to sell their home without the assistance of a real estate professional do so for one reason only – to avoid paying a Commission fee. Is it worth the trouble?