Investors! Are You Using Binder Policies?

SAN RAMON, CA – September 2, 2013 - If you buy a piece of property with the intention of selling it, you may want to consider purchasing a binder policy through your title company.

A binder policy allows the purchaser of the property to turn around and resell the property – and purchase a new title policy for round 10% of the overall price. In Northern California, the seller usually pays the cost of the title insurance policy. The buyer simply needs to pay 10% at the time of closing to secure the binder policy for the next sale. Depending on the price of the home, a binder policy could save the purchaser/future seller thousands of dollars if the home is sold within two years.

The Hagley Group, based in San Ramon, is happy to answer any of your questions on residential or investment real estate. Call Cindi Hagley at 925-824-4877.