In Colorado you will encounter two title related documents in almost every real estate purchase.
The title company issues a Title Commitment. This document outlines the terms under which they will insure the Buyer’s ownership or “title” to the property. If you are buying a single-family home, not a condo or townhome, the lender may require a survey of the property. A survey indicates the location of the property boundaries and any improvements such as the home, garage, decks, and so on.
And, finally, prior to closing, the title company will prepare a balance sheet for you. This shows all the charges associated with the purchase of the property; (e.g., cost of the property, lender fees, etc.) and all the money coming in to allow the closing to occur (e.g., the loan, your earnest money deposit, a tax credit from the seller, etc.). This balance sheet is called a Settlement Statement.
You should expect to see both of these title related documents during the home buying process.
Our phone number is 303-448-8808.
When you buy a home using our services, our team is paid a commission by the seller 99.9% of the time. Since 1992, only two of our clients have contributed to the payment of our commission. In the 1,000 or so other closings, the buyer paid nothing. There is no financial benefit to going it alone.
Norris Minick, our founding broker, has been exclusively representing buyers since 1992 and started Agents for Home Buyers in 2005. Our other brokers each have at least 10 years of real estate experience, contributing knowledge and insight from a wide range of backgrounds.
At A4HB, we always work as buyer agents, and we take our fiduciary responsibility to you and your interests very seriously. We work as a team, so you’ve got support whenever you need it. We’re salaried employees, not salespeople working on commission, keeping the focus is on you and your needs, not ours. We are 100% committed to helping you locate, evaluate and safely purchase residential property.
survey of the property. A survey indicates the location of the property boundaries and any improvements such as the home, garage, decks, and so on.
And, finally, prior to closing, the title company will prepare a balance sheet for you. This shows all the charges associated with the purchase of the property; (e.g., cost of the property, lender fees, etc.) and all the money coming in to allow the closing to occur (e.g., the loan, your earnest money deposit, a tax credit from the seller, etc.). This balance sheet is called a Settlement Statement.
You should expect to see both of these title related documents during the home buying process.