Title and Real Estate Closing Expert Bryan Nazor On Title Insurance and Why You Need It
Title insurance is important for many reasons, and it can be hugely beneficial in many cases, said Title and Real Estate Closing Expert Bryan Nazor.
When it comes time to buy a house, there are many confusing aspects of the process. Lots of paperwork, meetings, numbers flying back and forth, but do not get overwhelmed by all of it, Bryan Nazor advised. “A lot of people already have title insurance but they don’t even know they do and they don’t understand what it is,” said Bryan Nazor. “At Main Street Title and Settlement Services, we demystify the process as thoroughly as possible.”
You probably have other types of insurance already: car, life or health insurance, so you know that insurance protects against potential events in the future. You also know that this insurance is paid for with monthly or annual premiums.
A title is the evidence that the owner lawfully owns a particular piece of property, so title insurance protects that evidence that a property is rightfully yours, Bryan Nazor said.
When it comes to title insurance, a title policy will ensure against events that occurred in the past of the property and the people who owned it, Bryan Nazor explained. Instead of monthly payments, though, title insurance requires a one-time premium, which is paid at the close of escrow.
Bryan Nazor said title insurance covers all claims from defects. Defects include another person claiming ownership interest, improperly recorded documents, fraud, forgery, liens, encroachments, easements and any other items specified in the actual title insurance policy.
“I recommend purchasers and lenders get title insurance so they are insured against possible title defects,” Bryan Nazor said. “The buyer, seller and lender all benefit from title insurance, so there’s really no downside to it.”
When it comes to title insurance policy types, there is a standard policy and a lender’s policy. The standard policy insures the new owner (or the homebuyer), while a lender’s policy insures the priority of the lender’s security interest.
Bryan Nazor is the President and COO of Main Street Title and Settlement Services in New Jersey. He manages the day-to-day operation of the title and finance divisions at the company. Bryan Nazor is recognized by his peers for his knowledge, efficiency and insight into successful corporate management and investing. Main Street Title and Settlement Services is known for their advocacy of their clients and for their transparency in making the buying and selling process as seamless as possible.
Title and Real Estate Closing Expert Bryan Nazor on Purchasing a Home for Millennials
Forbes recently released their 2019 real estate forecast of what home buyers, sellers, and investors can expect. After the tumultuous home-buying scene of 2018, title and real estate closing expert Bryan Nazor said experts are keeping a close eye on predictions for what direction the market will take.
“One of the biggest trends we saw is that millennials are predicted to keep buying homes in spite of the rising mortgage rates,” Bryan Nazor said. 2020 is expected to be the peak millennial home buying year, Forbes reported. Millennials will account for 45% of mortgages, compared to 17% of boomers and 37% of Gen Xers.
Part of this is due to the fact that the largest cohort of millennials turns 30 years old this year, which is a peak home-buying years. Older Millennials (in their mid-30s) will have more options to move up in their home ownership, while younger millennials are hitting the peak age to purchase their first home.
Bryan Nazor works at Main Street Title & Settlement Services, which equips millennials to prepare to purchase a home and provides title insurance services, appraisals, closing, escrow and recording services, and other services relating to real estate transactions. Bryan Nazor said the company sees many millennials purchasing their first or second home this year, in line with Forbes’ prediction.
Bryan Nazor shared the top five tips he shares with millennial home buyers to set them up for success with their first home ownership rodeo.
- Plan a budget and contact a real estate professional to guide you through the process of purchasing a home. Doing your research on a great real estate agent and on a realistic budget are key components in having a smooth experience with no unpleasant surprises, Bryan Nazor said.
- Research available lenders to finance your home. After your down payment, what financing options are available? Compare lenders to see what they offer and what you can expect. The real estate agent you chose in step 1 can suggest lenders and help you decide on the right one for you. A lender will pre-qualify you for a loan so sellers will take you seriously as a buyer.
- Start looking at possible homes with your real estate agent. This is the fun part! Don’t forget your budget or lose sight of the most important factors in your home.
- Once you find the home you would like to purchase, the real estate agent will make an offer on your behalf. A counter offer may be offered in return, and the real estate agent and the home seller will negotiate until they find a price that suits everyone.
- Your real estate agent will work with a title insurance agent to draft necessary paperwork for the sale of the home, said Bryan Nazor. You will meet with the home seller for the closing, which is when you officially become the owner of the home.
Youth Soccer Coach Bryan Nazor Shares Experience With National Youth Soccer Program
The National Youth Soccer Program (U.S. Club Soccer), exists to “transform the lives of America’s youth through the game of soccer.” For many people, including Bryan Nazor, a resident of Chestnut Ridge, New York, working with this youth soccer program has been inspiring and fulfilling.
U.S. Youth Soccer is a non-profit organization that provides a path for young people who want to break into playing soccer. The program teaches core values, like respect, integrity, teamwork and excellent, which Bryan Nazor said is an important component and allows the coaches to act as mentors in addition to teaching the game of soccer.
The organization was founded in 1974 and today has more than 3,000,000 players between ages 5 and 19. Most of the 300,000 coaches in the organization are volunteers like Bryan Nazor. These coaches spend their time educating and improving the lives of young soccer players in their community.
“Being a youth soccer coach has been more rewarding than I could have imagined,” said Bryan Nazor. “I get to work with motivated, talented kids and give back to my community in a tangible way.”
Many resources are provided to coaches from U.S. Youth Soccer, so those who are first-time coaches can be equipped with the tools they need. These resources include lesson plans, rules of the game, video clips, articles on coaching and even workshops and presentations to train coaches.
“The lesson plans were valuable to me in learning how to structure a soccer practice,” said Bryan Nazor. “At first it can seem intimidating, but there are lesson plans for all ages so you can teach them the skills they need, whether they are 6 years old or 16.”
Bryan Nazor said it was helpful to have a guide of listening to and communicating with players provided to him. Even those who are fans of professional soccer and have been watching or playing for years may not understand how to communicate effectively with players, which is one of the key components of being a good coach, Bryan Nazor said. “One of the best things I learned was to avoid the common pitfalls of communication in coaching, including avoiding bias and hot words.”
The organization hosts numerous youth soccer programs for every level and interest, including the U.S. Youth Soccer National Championship Series, U.S. Youth Soccer National League, U.S. Youth Soccer Olympic Development Program, Soccer Across America, Soccer Shots and more. To learn about the program offered, visit usyouthsoccer.org for details.
Title and Real Estate Closing Expert Bryan Nazor Shares Recommendations for Making Your Home Welcoming for a Furry Friend
If you’re moving to a new home and bringing a furry companion, or if you are bringing a new pet into your existing home, it’s important to make sure your human habitat will be a comfortable fit for a pet. Whether you have a dachshund or a Doberman, here’s how you can help your pet stay safe and comfortable and keep your home pristine.
According to Bryan Nazor, president of Main Street Title & Settlement Services, a home may contain hazards to pets that humans wouldn’t ordinarily think of as dangerous. Poisonous items, like plants, household cleaners, medications, and sharp objects or dangling wires may be hazardous to a curious pet. Pets will want to explore their environment, so it’s important to keep anything they shouldn’t have access to out of reach.
In addition to these boundaries, examine your home for holes and nooks that a pet could get stuck in and make any repairs or take precautions as necessary, said Bryan Nazor, a title and real estate closing expert.
Make sure trash cans are out of sight and reach or use child locks to secure trash cans. Curious animals can get into the trash and get sick or make a mess, so prevent household litter by thinking ahead and keep trash out of reach of your pet, Bryan Nazor suggested.
Though you want to keep your pet safe, it’s also important to protect your home, including floors and furniture. Decide what spots in the house are off-limits to your pet so you can train them accordingly, and use furniture covers and chewing deterrents as needed. For some pets, this won’t be a problem, but make sure to keep your pet’s nails trimmed and give them toys that they can play with to avoid destruction of the home, Bryan Nazor advised.
When it comes to the outdoors, a physical or invisible fence may be needed to keep your pet confined and give them space to roam. Cover up your swimming pool, avoid using chemicals on your yard that are unsafe for pet consumption, and don’t leave anything outside you don’t want a curious pet to get into.
Finally, Bryan Nazor said the most important tip is to have patience and let your pet adjust to its new environment. There may be accidents or spills to clean up as a pet gets used to the boundaries of a home, but with time and patience the whole family will settle into the new home.
Title and Real Estate Closing Expert Bryan Nazor on How and What to Research When Buying a Home
When choosing which new home to call your own, you should always first research information on the area you will be living in, said Bryan Nazor, a title, and real estate closing expert. This will guide your home-buying process and ensure you end up in not only a home that you love but also a neighborhood you are happy to stay in.
Homebuyers and sellers will find ImageAtlas, powered by GlobeExplorer, a valuable resource for accessing high-resolution aerial imagery from the web, advised Bryan Nazor. Using ImageAtlas, your real estate professional, builder or lender can provide you with detailed information and images extracted from searches by address.
Likewise, PropertyInfo from REIData provides extensive demographic information as it relates to specific properties, neighborhoods, school districts and counties.
When you are accessing these tools, what kind of information should you be looking at? “I recommend people look at five key elements first and foremost,” said Bryan Nazor. There are outlined below.
What will your community be like? Are they upper, middle or lower class? Are they in a similar stage of life as your family? Plenty of information about the demographics of an area is available online, so you can better understand the community you will be living and working in.
Online tools and records can give information on the value of a property and on its history, said Bryan Nazor. This can give you a clearer picture of the property, beyond just what it looks like, and it can be helpful to know its background.
Take some time to learn about the counties in the area and the differences between them.
If you have children, learn about the school districts you will be in and what your options for education are, whether private or public school. Look into the schools to find out how they are ranked and whether you feel your child will be a good fit.
Get to know your neighbors! Find out the crime rate in your neighborhood and who you’ll be living next to and down the street from. “Go into buying a house with your eyes open and a clear picture of all aspects of the area you’ll be living in, so you don’t have any surprises down the road,” Bryan Nazor said.
Bryan Nazor is with Main Street Title & Settlement, which provides a complete range of title insurance and settlement services to a broad range of clientele. Main Street Title is one of the leading full-service title and settlement agencies in the New York tri-state area.
Timeshare 101 With Advice From Title and Real Estate Closing Expert Bryan Nazor
A timeshare may be something you’re vaguely familiar with, if relatives and friends have purchased one and are sometimes able to stay in Florida because of it. But what exactly is a timeshare, how do they work and do you even want one? Title and real estate closing expert Bryan Nazor has the scoop.
A time share, put simply, is a form of joint ownership of property where many owners share title and enjoy use or occupation of the property according to a fixed time period or schedule.
There are two types of timeshare contracts: shared deeded contracts and shared leased contracts. The former divides the ownership of the property between everyone in the contract. With a shared deeded contract, everyone involved divides up the amount of time they can spend on the property evenly, according to Bryan Nazor.
When it comes to a shared leased contract, people lease the use of the property, not the property itself, so a deed is not given. These have a set amount of time before the lease expires, whereas a shared deeded contract is yours alone to sell or give to others.
Divvying up the timeshare property between owners or leasers can be done in several ways, Bryan Nazor said. One option is to go to the property the same week of the year, every year. Another is a “floating week option” which allows you to choose a different period of time (within limits) each year. Some timeshares have a points system, and you can use your points to stay at other resorts in the same timeshare system, not just yours.
“It really depends on what you’re looking for— no one of these options is inherently better than another,” said Bryan Nazor. “Think about your lifestyle, family and preferences and find the best timeshare opportunity for you.”
Bryan Nazor serves as president and chief operating officer of Main Street Title and Settlement Services. He joined the firm in 2002. He also has extensive expertise in corporate financing and investing. He manages the day-to-day operation of the title and finance divisions of Main Street Title and Settlement Services and is involved in their residential and commercial closings.
“Main Street Title and Settlement Services is available to answer questions about timeshares and other title or settlement matters,” said Bryan Nazor. “We can help you with your timeshare decision and it’s always wise to seek professional advice before making a big investment decision.”
Bryan Nazor Shares His Tips on Spring Home Maintenance Above and Beyond Spring Cleaning
As a homeowner, spring is a time that is full of maintenance that needs to be done on the home. This goes above and beyond getting rid of ill-fitting clothes and dusting, but the nitty-gritty work of maintaining a home after a long winter is vital, according to Bryan Nazor, a title and real estate closing expert.
“With every change in season, there is work to be done on a home to keep it properly maintained,” said Bryan Nazor. “The time of year the most work must be done is in the spring, when the house may have taken a beating from winter and is about to enter the summer months.”
Bryan Nazor shared his top five ways to ensure your home is maintained this spring.
Check the Foundation
“After the winter comes to a close, it’s crucial to inspect your house’s foundation to make sure it’s in good shape,” Bryan Nazor said. “This ensures you catch problems early before they turn into a larger issue.” Foundation walls, floors, concrete, and masonry should all be inspected for cracking or deterioration. If bricks are losing mortar or cracks in the concrete floor is significant, it’s time to call a foundation professional to assess the problem and determine what fixes can be made.
Inspect Gutters and Downspouts
Gutters and downspouts tend to accumulate debris, leaves, and dirt throughout the winter. Spring is the time to clean everything out and reattach gutters that have pulled away from the house during the winter. “It’s a good idea to check your gutters and downspouts to make sure they are draining properly and seal up any leaks you find,” said Bryan Nazor.
Repair Screens of Doors and Windows
“One of the most common fixes that need to be made in the spring is fixing up the screens of windows and doors,” said Bryan Nazor. The screens should be cleaned and inspected for holes so bugs can’t climb in, and patched or replaced if large holes are found. Hardware that is broken or worn should be replaced and door hinges should be tightened and lubricated.
“Landscaping is more than about just looking good to your neighbors,” said Bryan Nazor. “Trim and clean up your yard and plants to make sure the yard is safe and nothing can damage the house.” Avoid trees disrupting a home’s paint or siding and trim things down to keep them neat and tidy.
Check Window Sills, Door Sills and Thresholds
Repair and replace cracks if necessary, advised Bryan Nazor.
Don’t Choose a Title Insurance and Settlement Company Without These Suggestions From Bryan Nazor
When finding a company that will provide you with a wide range of title insurance and settlement services for your residential or commercial transactions, it is crucial to choose a place that feels like home. You want to feel you can have all your needs met, questions answered (without making you feel dumb) in a place you can trust. Bryan Nazor, President of Main Street Title, said attorneys, home owners, home buyers, lenders, investors, mortgage brokers, builders and developers and realtors should look for a company that provides the following services.
All title insurance services
“All of us at Main Street Title and Settlement Services provide the best of the best insurance services to our clients,” said Bryan Nazor. “Our clients know they can count on us to service their transaction with the utmost professionalism, accuracy and fast turnaround time.” Your title insurance company should provide title insurance protection and settlement services to facilitate purchases, construction, loans or refinancing.
Closing, escrow and recording services
Find a company that is knowledgeable and experienced with closing, escrow and recording and can make these processes smooth and comfortable. “You should feel confident asking any questions of the people who are doing your title and settlement services,” said Bryan Nazor. “It’s vital that we explain everything to our clients and keep them informed and up-to-date so they feel intimately involved with the process.”
Paralegal services for attorneys
For attorneys, paralegal services are sometimes part of the package provided by a title and investment services company. This provides a great deal of ease and comfort, knowing that all aspects of a sometimes-challenging process are covered. Bryan Nazor has experience in corporate law, corporate financing and investing, which he said helps him holistically manage the day-to-day operations of the title and finance divisions of Main Street Title.
Make Moving Stress-Free For You and Your Furry Companion With These Recommendations from Bryan Nazor
So you’re moving into a new home with your furry friend— congratulations! This can be an exciting time for people and pets alike, but it can also be a time of transition that can cause stress and uncertainty. Make the move as easy and calm as possible by following these tips to pet-proof your home and get everyone acclimated quickly.
Look out for dangers around the home
In a new place, you may not notice the possible hazards to pets that present themselves, said Bryan Nazor, president of Main Street Title & Settlement Services. Poisonous items (certain plants, household cleaners, medications), dangling wires, sharp objects and holes or nooks in the home may be temptations for your pet as they explore their new surroundings. Evaluate where you store things and nooks and crannies in the house from your pet’s perspective to make sure everything is safe before moving the pet in.
Keep your home looking new for as long as possible
You’re in a new place and you’d like it to say clean and scratch-free for at least a few days! Make sure your pet’s nails are trimmed, put chewing deterrents on furniture or door frames and covers on your new couch. “Establish early on with your pet the areas they are allowed to enter and jump up on and the spaces in the house that are off-limits, so they know right away what the rules of the new house are,” said Bryan Nazor.
Keep all your trash cans out of sight and reach for pets, or get pet-safe trash cans or child locks to close them. Dogs, especially, have a tendency to be interested in yummy-smelling items in the trash can or to knock over a full trash can. Make sure to save yourself a sick pup or messy kitchen by finding a trash can solution that works for your home and your pet.
Prepare the backyard
If your new home has a yard where your pet can frolic, consider installing a fence around the perimeter or an invisible fence. Avoid using pesticides in the garden or plants that could be dangerous for a curious pet, suggested Bryan Nazor. Another important consideration is the swimming pool, if you have one. Make sure it is securely covered and safe for when your pet is unattended near it.
“Even if your pet has been part of your family for a long time, moving into a new place can cause them to have more accidents than usual,” said Bryan Nazor. The new surroundings may confuse your pet as they learn where to ask to go outside or where the litter box is kept. If your pet is comfortable in their crate, encourage them to spend some time there as they get adjusted. Before you know it, your pet will be settled in to their new home and enjoying all it has to offer, just like you do!