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Closing Insights Title Tips from MBH Settlement Group Virginia, District of Columbia, West Virginia, Maryland and beyond

🏡Closing Insights💡

​While many people have heard the phrase, they often do not understand what the words mean. Therefore, starting with the basics is a safe approach. Furthermore, explaining the concept to a first-time home buyer, creates a good opportunity to emphasize the importance of due diligence and informed decision-making throughout the home-buyer process.

The following is an example of how you, a real estate agent, could address the question:

Caveat emptor is a Latin phrase that means “buyer beware,” and it is a crucial concept in real estate. What if means for you as a first-time homebuyer is that you need to be an active and cautious participant in the process. While a real estate agent is here to guide you, under the law it is the Buyer’s responsibility to thoroughly investigate and evaluate the property in which you are interested. You cannot simply rely on the information that is provided by the Seller. This includes getting a professional inspection of the home to uncover any potential issues, researching the neighborhood and its amenities, and reviewing all the documents and disclosures associated with the property.
It is vital to ask questions and seek clarification of thing that you are uncertain about. If you decide not to fully investigate a property, I will ask you to sign a document advising you that there may be adverse consequences.
Remember that once you have purchased the property, you may have limited recourse if issues arise later. So being proactive and diligent now can save you from unpleasant surprises later. As a real estate agent, I am here to support you in the home-buying journey, but your active involvement is key to making a well-informed decision. 

 
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MBH ULTIMATE HOME BUYER GUIDE

Virginia Home Buyer Guide

Virginia Home Buyer Guide

A comprehensive guide to buying a home in Virginia including contract explanation and useful tips. Includes NVAR Jan 2024 Contract info.

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Maryland Home Buyer Guide

Maryland Home Buyer Guide

A comprehensive guide to buying a home in Maryland including contract explanation and useful tips. Includes MAR Contract info.

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DC Metro Home Buyer Guide

A comprehensive guide to buying a home in Washington, D.C. including contract explanation and useful tips. Includes GCAAR Contract info.

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A comprehensive guide to buying a home in Coastal Virginia including contract explanation and useful tips. Includes REIN Contract info.

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Virginia Home Buyer Guide SPANISH

A comprehensive guide to buying a home in Virginia including contract explanation and useful tips. Includes NVAR Jan 2024 Contract info.

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MBH MD Home Buyer Guide En Espanol

Maryland Home Buyer Guide SPANISH

A comprehensive guide to buying a home in Maryland including contract explanation and useful tips. Includes MAR Contract info.

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MBH DC Home Buyer Guide En Espanol

DC Metro Home Buyer Guide SPANISH

A comprehensive guide to buying a home in Washington, D.C. including contract explanation and useful tips. Includes GCAAR Contract info.

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Coastal Virginia Home Buyer Guide SPANISH

A comprehensive guide to buying a home in Coastal Virginia including contract explanation and useful tips. Includes REIN Contract info.

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