Newsletters & Blogs
Stay Up-To-Date On All Things Real Estate
Attorney Opinion Letters vs. Title Insurance Policies
There has been increasing discussion within the real estate community about Attorney Opinion Letters and the potential role they could play in the settlement process. AOLs are very different from Title Insurance Policies and provide significantly less protection. Purchasing real estate is one of the biggest investments you can make so make sure you are getting the best protections available!
Covenant Has Expanded to the New River Valley!
We are excited to announce that Covenant has recently opened our New River Valley office at 105 Arbor Drive, Suite 301, Christiansburg, VA! This expansion has been made possible by the newest additions to the Covenant team – Lori Nolen and Alison Shepperson.
1031 Tax Deferred Exchanges
A 1031 Tax Deferred Exchange can benefit a taxpayer by offering them savings on taxes. Typically, taxes are due upon the sale of a piece of property. However, section 1031 of the Internal Revenue Code outlines a process wherein you can sell investment or business property and buy a “like-kind” piece of property without paying capital gains tax on the sale.
We Have Moved!
We are now located at 3906 Electric Road in Roanoke inside of the Brown Edwards office building. We hope to see you at our new office soon!
Inquire Before You Wire
Be on the alert for wire fraud! Parties to real estate transactions are prime targets for fraudsters as they know large sums of money are changing hands. Never rely on an e-mail changing wiring instructions and always call a trusted phone number to confirm wiring instructions!
Do I Need An Owner’s Title Insurance Policy?
Many wonder if title insurance is worth the investment. The short answer: yes! If you’re obtaining a loan, your lender will require you to purchase a title insurance policy to protect their investment in the property. To assure you have similar coverage if discrepancies arise, we strongly recommend you purchase an Owner’s Title Policy as well…
The Current State of Real Estate
If there’s one thing we can all agree on, it’s that the real estate market is crazier than ever. Various industries throughout the U.S. are transforming the way they conduct business. We’re seeing a shift from in-office to remote work, an increased need for single-family rentals, and a rise in the secondary and tertiary suburban markets throughout the country…
Thieves, Scammers, and Scaliwags - Oh My!
Thieves have hit the real estate transaction market. Yeah, no surprise there, is it? Given that we are all exposed to some degree in today’s “e”-world, every online interaction we participate in is at risk of being spammed, phished, trolled or spoofed. But, it is easy to not realize how prevalent the risk of identity theft is during a real estate transaction. So buyer, seller, REALTOR, lender, attorney…