The title contingency is a crucial safeguard for home buyers, allowing them to back out of a deal without penalty in case there is a major error on the home title. The DiMora Team are real estate experts in the Novi and Northville neighborhoods, and we know that the property title is a collection of documents that verifies the legal ownership of the home. In extreme cases, ownership issues can undermine the seller’s ability to transfer ownership rights to the buyer upon closing. It’s not uncommon for there to be small errors on the title that can be addressed during escrow, which would not prevent your deal from closing. However, you always want to be prepared to face larger issues related to the title with this essential contingency. Chek out below to see what sold in Old Orchard in January 2025:
24413 Olde Orchard Street, Novi: 2 bedrooms, 1.2 bathrooms, 1,096 sq. feet, no garage, Sold Price: $215,000
Olde Orchard Sold Home
January 2025
For more information on Olde Orchard, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.