Imagine the poor soul who makes the largest purchase of his or her life without thoroughly inspecting the goods! Major flaws are not uncommon, especially in older homes, and you'll want to know what you're dealing with up-front.
After you apply for a loan, the lender will call for an appraisal of the home's market value; no lender wants to lend you more money than the home is worth.
Title insurance protects you (and the lender) should something in the property's history threaten your ownership rights.
If you are applying for a mortgage, the lender will insist you buy homeowners insurance. This insurance protects not only your home, but also your personal belongings inside.
A list to help you keep track of all the hoops you're jumping through during the pre-closing process.