Choosing a Broker

Choosing a Broker Page 1 Choosing a Broker Page 2 Choosing a Broker Page 3 Choosing a Broker Page 4

Posted on February 9, 2016 at 12:07 pm
Tom Fine | Category: Tom Fine's Blog | Tagged , , , , , , , , , , , , , ,

Understanding Closing on your New Home

So you are going to buy a home and you hear the word Closing, Title, Escrow, what does this mean to you and how does it affect you and the buying or selling of a property. Closing is also known as the settlement, the settlement of the property you are buying or selling. The settlement includes the accounting of the funds transferred between the two parties by the closing firm also known as the Escrow firm.

The funding source (Buyers Lender) will transfer funds from the lender to Escrow and Escrow will settle all debts associated with the property, such as the sellers mortgage, any utilities, taxes, and insurance or outstanding debts of the sellers associated with the property. The balance after the payoff is known as the capitol gains to the sellers.

Escrow will also transfer the needed funds for the buyer for insurance and taxes.

Escrow is the firm in which typically handles the settlement of the funds, transferring of the funds and coordinating the signing of all the documents by the buyers and sellers. Escrow protects all parties involved by making sure that no funds or properties change hands until all conditions in the agreement have been met.

Title, which is very important establishes who actually owns/owned the property and tracts whom has owned the property over the years. Title must be free and clear, this will make it a marketable title and must be free of any encumbrances (A clouded Title). A clouded title is a property that is not a marketable title (such as an easement issue, a lien against the property, or an encroachment on the property are just a couple of issues that could cloud the title and make the property not have a clear title, therefore should not be transferred to anyone else. Title was set up hundreds of years ago, when travelers where coming across the country and they needed to be reassured that the land/property they where buying was their property. Title was a way to guarantee that the property that they where buying was theirs and not someone else’s.
California or Seattle. Closing is explained in-depth at http://www.homeclosing101.org/index.cfm
and explains what Title is, what Title Insurance is and why you should have Title Insurance.

What is escrow?

Escrow will also transfer the needed funds for the buyer for insurance and taxes.

Escrow is the firm in which typically handles the settlement of the funds, transferring of the funds and coordinating the signing of all the documents by the buyers and sellers. Escrow protects all parties involved by making sure that no funds or properties change hands until all conditions in the agreement have been met.

Title, which is very important establishes who actually owns/owned the property and tracts whom has owned the property over the years. Title must be free and clear, this will make it a marketable title and must be free of any encumbrances (A clouded Title). A clouded title is a property that is not a marketable title (such as an easement issue, a lien against the property, or an encroachment on the property are just a couple of issues that could cloud the title and make the property not have a clear title, therefore should not be transferred to anyone else. Title was set up hundreds of years ago, when travelers where coming across the country and they needed to be reassured that the land/property they where buying was their property. Title was a way to guarantee that the property that they where buying was theirs and not someone else’s.
California or Seattle. Closing is explained in-depth at http://www.homeclosing101.org/index.cfm
and explains what Title is, what Title Insurance is and why you should have Title Insurance.

Posted on November 6, 2014 at 10:05 am
Tom Fine | Category: Tom Fine's Blog | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , ,

Incredible Madrona Home Ready for New Owners

 

What Great Views and a Wonderful Home!

Come to Madrona, Don't forget to explore the tunnel to the garage. There are s may great features of this home, from the beautiful renovated home, the kitchen, bathrooms, the millwork, the comfortable living spaces and the basement area that has the exposed basement walls that give this home the warm characteristics and shows so well.

Perched high above the street with serene lake and mountain views sits this completely renovated traditional home. This 1926 Craftsman unites formal and informal living spaces to create the perfect home. Leaded glass windows, crown moldings , Batchelder tile mantles and built ins abound. 

Updates include a generous kitchen, 3 baths, a powder room, electrical, roof, sewer, heating and plumbing. 

 

 

 

 

Enjoy the patios, greenhouse, hot tub and mature landscaping. A well lit stair meanders to the rocking chair porch and the front door. There are three garages, one of which has an underground passage lead-ing to the house. A fantastic find just minutes to Lake Washington, downtown and the eastside . 

 

 

As you enter the front door and you look tot he right (Which is East) the great views from the main floor mesmerize you and as you walk up the wonderful stairway, they views don't stop.  Exploret he house, it's fabulous form basement to the top floor and on the nicely  presented grounds.

 

 

 

Contact me today to see this wonderfull piece of Seattle History.  No modern home can compare to this!

 

Tom Fine

Fine Homes NW, Inc.

Windermere Real Estate

 

Posted on October 5, 2013 at 10:17 pm
Tom Fine | Category: Tom Fine's Blog | Tagged , , , , , , , , , , , , , , , , , , , , , ,

Tom Fine

 

Tom Fine is a Seattle-area realtor with 30 years experience in home building, renovation, sales, marketing, and negotiating, among other skills.  Tom’s client exceptional services include:

  • Finding the right home to meet your needs
  • Marketing and showcasing expertise
  • Helping you sell your current residence, if needed
  • Envisioning what is possible with any home

Profile information:

  • Has lived in the Seattle area for more than 23 years
  • Married,with two daugthters
  • Living knowledge of Puget Sound area schools, transportation, employment growth, and beauty of each neighborhood.
  • Welcomes the opportunity to find the right place for you.
  • Contact him today for a comparative market analysis on your current residence and a window into your future dream home

Posted on May 28, 2013 at 4:50 am
Tom Fine | Category: Tom Fine's Blog | Tagged , , , , , , ,