Meet Our Driggs, Idaho Branch

The Teton Valley has no shortage of great places to visit and things to do. The Alliance team in Driggs, Idaho appreciates that they not only have beautiful surroundings, but great neighbors and opportunities to help the whole community.

With almost 40 years of combined experience, the Driggs team can confidently navigate just about any situation. They stand out from the competition because they not only respond to requests in a timely and professional manner, they truly listen. This allows their to customers feel a level of comfort hard to find elsewhere. Everyone at the Driggs office loves having a part in fulfilling the dream of buying a new home.

The team shows their appreciation for the community by giving back year-round through events and fundraisers. Some of the organizations and causes they’re active with are the Teton Valley Food Pantry, Driggs City Planning and Zoning, Seniors West of the Tetons, Tin Cup and Golf for Breast Cancer Awareness.

In their free time, they enjoy reading, gardening, traveling, baseball and farming.

The Alliance Driggs team looks forward to assisting you with your next transaction in Teton County!

Alliance Title & Escrow – Driggs
78 N Main St.
Driggs, ID 83422
208-354-2285
driggs@alliancetitle.com

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Homebuyer Title Insurance FAQs

Buying a home is a big decision and likely the largest investment most of us will ever make. Owner’s title insurance helps you buy with confidence because it’s the smart way to protect your property rights. To help you understand how owner’s title insurance works, here are answers to common questions:

What is title?

Title is your right to own or use your property. Title also establishes any limitations on those rights.

What is a title search?

A title search is an early step in the homebuying process to uncover issues that could limit your rights to the property. If a title issue is discovered, most often your title professional will take care of it without you even knowing. After the title search is complete, the title company can provide a title insurance policy.

What is title insurance?

If you’re buying a home, title insurance is a policy that protects your investment and property rights.

There are two different types of title insurance: an owner’s policy and a lender’s policy.

  1. An owner’s policy is the best way to protect your property rights. Either the buyer or seller may pay for this policy. Ask your title professional how it’s handled in your area.
  2. A lender’s policy is usually required by the lender and only protects the lender’s financial interests. The buyer typically pays for this policy, but that varies depending on geography. Ask your title professional how it’s handled in your area.

Why should I purchase owner’s title insurance?

Owner’s title insurance protects your investment in your property from certain future legal claims regarding ownership of your property. For a one-time fee, you and your heirs receive coverage for as long as you own your home. The owner’s policy also covers potential legal fees and court costs for settling claims covered by your policy.

What does owner’s title insurance cover?

Sometimes undiscoverable defects can come up after the title search. Under an owner’s title insurance policy, you are protected against certain undiscovered errors in the title.

Title issues include unknown:

  • Outstanding mortgages and judgments, or a lien against the property because the seller has not paid his taxes
  • Pending legal action against the property that could affect you
  • Unknown heir of a previous owner who is claiming ownership of the property

Unforeseeable title claims include:

  • Forgery: making a false document
    • For example, the seller misrepresents the identity of the person who sold the property.
  • Fraud: deception to achieve unfair gain
    • For example, someone steals your identity and either sells your house without your knowledge or consent, or takes out a second mortgage on the property and walks away with the money.
  • Clerical error: inconsistent paperwork and historical records
    • For example, an unforeseeable discrepancy in the property or fence line can cause confusion in ownership rights.

What does owner’s title insurance cost?

The one-time payment for owner’s title insurance is low relative to the value of your home. A typical title insurance policy costs around 0.5% of the home’s purchase price.

How long am I covered?

Your owner’s insurance policy lasts for as long as you or your heirs own your property. Your life will change over time, but your peace of mind never will.

What happens at closing?

Closing is the final step in executing the home buying transaction. It is the process that allows the transfer of ownership to occur. Upon completion of the closing process, you get the keys to your home!

Where can I get more information?

The American Land Title Association helps educate homebuyers like you about title insurance so you can protect your property rights. Check out www.homeclosing101.org to learn more about title insurance and the home closing process.

You can also connect with your local Alliance office where our friendly professionals are ready to help answer your questions.

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6 House Foundation Early Warning Signs

Your home’s foundation is a super important part that most homeowners don’t often think about, if at all. Not only could a deteriorating foundation cause thousands of dollars in repairs down the line, but it could also turn into a huge safety issue. Check out this article from Realtor.com for 6 warning signs that your foundation could need fixing:

https://www.realtor.com/advice/home-improvement/house-foundation/

#alliancetitle #homeimprovement #realestate #title #escrow

Is Downsizing The Right Move?

With the economy improving and the real estate market heating up, more young people are getting good paying jobs and moving out of the family home. It also means that it could be a good time for those parents to look at downsizing. Assisting your clients in making an informed decision can help you build trust and figure out if it really is the right move for them — saving everyone valuable time.

Check out this article from CNBC on how to decide if downsizing is the right choice:

https://www.cnbc.com/2018/04/09/downsizing-your-home-how-to-determine-if-a-smaller-house-is-the-right-move.html

#alliancetitle #realestate #businessbuilder #millennials #title #escrow

Employee Spotlight – Luann Wing

Luann Wing, Escrow Officer – Salmon, ID

Luann Wing is an Escrow Officer at Alliance’s Salmon, Idaho office and has been with the company since 2017. She takes pride in representing quality service throughout the community and enjoys making new friends in the process. Luann’s favorite aspect of being an Escrow Officer is that since every transaction is different, she’s always learning something new.

‘Trust & Respect’ is Luann’s favorite Alliance Core Value. She explains, “I believe if I treat others with trust and respect, then that is how they will treat me.”

When asked who Luann admires most, she mentions her 101-year-old grandmother. “She has seen many things in her long life and she is a remarkable woman with the things that she has accomplished.”

“Don’t cry because it’s over, smile because it happened,” from Dr. Seuss is her favorite quote. Luann says it’s her favorite because, “I lost my husband of 20 years in November of last year and it helps me think of the good and not just the loss.”

Outside of work, Luann loves traveling, camping, Dutch oven cooking, UTV riding and floating the Salmon River. She also helps with the Firemen’s Ladies Auxiliary organization and enjoys teaching her grandchildren new and exciting things.

Luann looks forward to helping you close your next transaction in Lemhi and Custer counties!

Luann Wing
Alliance Title & Escrow Salmon
610 Main St.
Salmon, ID 83467
208-756-4231

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Rate Hikes & Millennial Homebuyers

It’s no secret that interest rates are increasing, but that trend isn’t stopping millennials from buying. That’s pretty important to know because millennials are the largest group of homebuyers in the country! Check out this article from MReport on what types of loans millennials prefer and some other important figures:

http://themreport.com/daily-dose/04-04-2018/rate-hikes-and-millennial-homebuyers

#alliancetitle #markettrends #millennials #title #escrow

4 Reasons Homeowner’s Insurance Gets Dropped

Similar to a title insurance policy, homeowner’s insurance is extremely important. Unfortunately, insurance companies can drop your coverage for a number of reasons. Take a look at this article from Realtor.com for four common reasons why homeowner’s insurance companies can drop you from coverage:

https://www.realtor.com/advice/buy/home-insurance-company-drop-coverage/

#alliancetitle #homeowners #insurance #title #escrow #homebuyers

The last thing you want is a deal to crumble.

Fraud. Foreclosure. Misinterpretation of wills. As a real estate professional, you know the risks that homebuyers face.

Owner’s title insurance not only helps your clients have peace of mind, but helps you too. Alliance’s 264 title and escrow professionals make sure your transactions are in good hands.

For additional resources, visit homeclosing101.org.

When you’re ready to talk title insurance with your clients, you can count on the trusted pros at Alliance Title.

10 Ways To Boost Home Value

A potentially hot home sale season is coming up as we leap into spring. We can all agree that you hope to make a return on your investment when you sell a property, so why not invest in some worthwhile upgrades to boost your home’s value? Check out this article from This Old House on 10 ways to boost house value:

https://www.thisoldhouse.com/ideas/brokers-tell-all-10-ways-to-boost-house-value

For more ways to increase your home’s value, contact your local Alliance office.

#alliancetitle #homeimprovement #investment #title #escrow #realestate

Tips For A Smooth Transaction

At Alliance Title, we take pride in providing the best overall closing experience for our agents, lenders and customers. Here are some useful steps to help make your next transaction as smooth as possible:

Provide the following to your escrow team:

  • The completed and signed Earnest Money Agreement (EMA)
  • All addendums to the EMA
  • A commission verification form
  • Phone numbers, email addresses and/or fax numbers for your clients and/or the lender they are using
  • Any additional insight or information regarding your customer(s) that may help make the process go smoothly the day of closing, such as your customer(s) need for a translator; they are visually, audibly, or physically impaired; require separate signings due to an unamicable divorce scenario, etc.
  • Homeowners’ association contact information

Other suggestions:

  • Carefully review the title commitment. Should you have questions or concerns regarding the document, contact your escrow team right away
  • Encourage the seller to:
  • Provide payoff authorizations promptly
  • Review their state withholding requirements with their accountant (if applicable)
  • Encourage the buyer to:
    • Shop for the best homeowner’s insurance rates and options promptly
    • Notify your escrow team immediately should an issue or problem arise before the closing date

Always remember that while we will do everything we can to ensure that your customers have the best overall closing experience with Alliance Title. Your escrow team is a neutral third party and cannot represent the buyer or seller or negotiate on their behalf.

Check out our Client Resource Guide or connect with your local Alliance Title representative for our menu of services, checklists and much more!

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