Ground Rent is something to be aware of in the beginning of your home buying journey.
It is very important to understand what it is so you can make an informed decision on your home purchase. Lenders need to be aware as well.
Home sellers, not to be left out, you need to be aware if you’re paying ground rent to! Some are not aware because in some cases it’s a part of their mortgage payment and seller sometimes forget about it over the years.
If a seller doesn’t disclose that could put your home sale in jeopardy.
A full title search should uncover if ground rent exists on the property. Take a look a the video to understand more about Ground Rent.
Have questions? I’ve got answers.
Contact me today.
Helene Kelbaugh of eXp Realty 🏡
Helene Kelbaugh eXp Realty