Tag: contract

Agents can define ‘settlement costs’ in sales contract to protect clients

Written by Federal Title on 2013-01-02.

A closing at Federal Title last week resulted in a dispute between the buyer and seller over the definition of “settlement costs” that could have been avoided had the GCAAR Regional Sales Contract better defined the term. I’ll...

What exactly does a title company do?

Written by Federal Title on 2012-06-04.

While we talk all the time about the importance of shopping for title services, it’s about time we address what it is exactly that a title company does. Let’s take a closer look at what goes on between the time when you agree...

What is an earnest money deposit?

Written by Federal Title on 2012-03-22.

An Earnest Money Deposit, more commonly known as an EMD, is one of the first steps in the home buying process. Today I will discuss the EMD and how quickly should one be deposited. An EMD is essentially a good faith deposit to demonstrate...

Adding a buyer to a purchase deed

Written by Federal Title on 2011-12-21.

Several times a month, attorneys at Federal Title are presented with the following scenario: My buyer wants to add his wife/girlfriend/parent/child to the deed at closing. Can you just add him or her to the deed when we come in to sign? The...

Changes in store for GCAAR Regional Sales Contract

Written by Federal Title on 2011-11-08.

The GCAAR Regional Sales Contract is widely accepted and used in the Washington, DC metro area as the standard real estate sales contract. As of January 1, 2012, some changes are going to alter the contract significantly. In response to...

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Tag: contract

Agents can define ‘settlement costs’ in sales contract to protect clients

What exactly does a title company do?

What is an earnest money deposit?

Adding a buyer to a purchase deed

Changes in store for GCAAR Regional Sales Contract

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