In the market — I will be able to share September stats in the next communication.
An overall slower pace is expected although prices are remaining steady with many neighbourhoods still increasing slightly.
New Enhanced Website — October 10th Launch!
We will be launching the new site with many more extra tools and functionality. www.AgFineliving.com
- Walking Scores
- School Locators
- Neighbourhood Reviews
- Featured Listings
- Virtual Tours
- AG Fine Living Services (Staging, Investment Analysis, Consulting) Complete with narrated videos etc. )
- And much more…
It will continue to be a work in progress as we refine some of the look and feel. This will complement our initiative into leveraging social media
Buying a Home — Title Insurance Information
Title insurance offers peace of mind and protection when you are buying a home. Whether you are buying a new construction or a resale, a condo or a vacation property, it is an exciting time, and there will be a lot of information that you will be required to understand to ensure everything goes smoothly, and that your investment is protected. Eliminate some of the stress and uncertainty by speaking to your lawyer and ensuring you are protected with title insurance from the beginning.
What is title insurance?
Title insurance is unlike any other kind of insurance. It is not house insurance which only protects the contents of your home or its structure and for which you have to pay a monthly or annual premium. Unlike house insurance, you only pay a one-time premium with no deductible.
Title insurance is distinctive in that it protects your ownership or title against losses incurred as a result of undetected or unknown title defects, for as long as you own your home. Even if you are the rightful owner of your home, there are instances such as real estate title fraud, when your title can come into question.
Why do I need title insurance?
Protect possibly your greatest investment – your home. Whether you are a new homeowner or if you have owned your home for years, title insurance keeps your home safely in your hands.
Title insurance protects you against losses as a result of title defects and claims against a property not uncovered in a title search. Title insurance provides protection against issues like unpaid liens, encroachment issues, construction liens, defects in title, costs arising from building code violations, as well as real estate title fraud.
If real estate title fraud occurs, the onus is on the homeowner to prove the crime and it can be very costly, financially and emotionally, to restore title. For a one-time premium, title insurance is one effective and inexpensive way to ensure your property is protected. It covers all legal expenses related to restoring a title and protects you for as long as you own your home.
What does “title” mean?
When you buy a home, you are buying the title to the property. It is sometimes also referred to as a deed. This means that you own the property and your lawyer registers you as the owner in the land registry system.
Having “good title” to your property is important because it protects your investment so that you will be able to sell your property in the future or obtain financing, such as a mortgage, against your home, if needed.
Top Benefits of Title Insurance
- Fast and efficient closing process — title insurance will help ensure your transaction closes on time
- Survey coverage – protects against unmarketability (not being able to sell your property in the future or obtain financing against your home) as a result of defects that would have been disclosed on an up‐to‐date survey, Real Property Report or Location Certificate
- Fraud and forgery — protection against fraudulently registered mortgages against your title
- Duty to defend — the legal fees associated with resolving insured title issues will be covered
- Building permit coverage — coverage for renovations completed without a permit that result in a loss
- Zoning coverage — protection should a property not meet municipal zoning requirements
- Competing interests — protection in the case of someone claiming an interest in your land; for example, an easement for a driveway or a builder’s lien
- Problem solving/facilitates closings — we can frequently provide coverage for known defects such as encroachments, delays in registration and zoning violations
Have a wonderful week, Anthony