title insurance

What is a title search in real estate?

A title search is the process of reviewing public records to confirm a property’s legal ownership and to uncover any issues — like liens, unpaid taxes, easements, or ownership disputes — that could affect the sale.In South Carolina, every real estate closing must be handled by an attorney. As part of that process, the attorney (or a title company working with them) conducts a title search to ensure...

What are the terms used in real estate?

Real estate comes with its own language — and if you’re buying or selling a home around Lake Marion, you’ll hear these terms constantly.Real estate terms are the words and phrases that describe the process, documents, and players in a property transaction.From “MLS” to “closing disclosure,” these terms can feel overwhelming. But understanding them is essential for protecting your money and...

What hidden fees come with buying a house?

When you buy a house, the purchase price is only part of the expense. Hidden fees are extra costs that often catch buyers off guard, like closing costs, inspections, taxes, and insurance premiums.On average, buyers in South Carolina spend 2–5% of the purchase price in closing fees alone, which can add up to thousands of dollars. For Lake Marion buyers, where waterfront and resort-style homes are common,...

What is the purpose of title insurance?

Title insurance protects homebuyers and lenders from financial loss caused by title defects, liens, or legal claims that may arise after closing on a property. It’s a one-time purchase made during closing that covers you for as long as you own the home.In other words: title insurance is your legal shield. It ensures no one can come back later and say, “Hey — that property is actually mine,” or...

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