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Updated almost 6 years ago on . Most recent reply
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Title Commitment on New Construction - Anything to Note?
Hey hey hey, BiggerPocketeers!
A friend is buying a new house, and I'm representing her as her agent. I've never sold new construction before, and just got the title commitment. This seems a bit frivolous, since it's a new build, but wanted to make sure I'm not missing anything.
Is there anything specific to look out for on the title work?
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Often there is a deed of trust to be partially released as to the subject property. Be on the look out for front foot benefit charge/agreement requiring payback of water/sewer/utilities connection often over a period of many years. Of course be sure of title with respect to mechanics liens. And pull and review every item listed as a special exception in the title commitment. The last item is not unique to new construction but rather good practice for all buyers.
- Tom Gimer
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