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NEIGHBORHOOD PROFILE

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AREA INFORMATION

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Federal Way Community Profile

Federal Way, Washington is a vibrant and diverse city located between Sea le and Tacoma, offering a blend of suburban tranquility and urban convenience. For poten al home buyers, Federal Way boasts numerous ameni es, a rac ons, and benefits that make it an appealing place to live.

The city is known for its beau ful parks and outdoor spaces. Dash Point State Park offers stunning waterfront views and trails for hiking and biking, while the West Hylebos Wetlands Park provides serene nature walks through preserved wetlands. Addi onally, Steel Lake Park features picnic areas, sports facili es, and a lake ideal for swimming and boa ng.

For families, Federal Way offers excellent educa onal opportuni es with several highly rated schools in the Federal Way Public Schools district. The presence of reputable higher educa on ins tu ons like Highline College adds to the city's educa onal appeal.

Shopping and dining op ons are plen ful at The Commons at Federal Way mall, which hosts popular retail stores, restaurants, and entertainment venues such as movie theaters. Moreover, the Federal Way Community Center is a hub for fitness enthusiasts with its extensive gym facili es, swimming pools, and various community programs.

With its rich cultural diversity reflected in various community events and fes vals throughout the year, combined with affordable housing op ons rela ve to neighboring metropolitan areas, Federal Way stands out as an a rac ve op on for home buyers seeking a balanced lifestyle.

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Events and Attractions Attractions      

Dash Point State Park

Seasonal Events             

MLK Jr. Event – January Performing Arts & Event Center Best of Federal Way – February Community Center Touch a Truck – May Wild Waves Parking Lot Farmers Market – Saturdays, May thru Oct The Commons Mall Parking Lot Bonsai Fest – May Pacific Bonsai Museum Juneteenth Flag Raising – June City Hall Dive-In Movies – Thursdays, June thru August Wild Waves Red, White and Blues Festival – July Celebration Park Summer Sounds Concert – Wednesdays, July Steel Lake Park Got Talent Competition – Saturdays, Jun thru Aug Farmers Market Fright Fest – Weekends October Wild Waves Tricks and Treats –October Community Center Jingle Bell Brunch – December Community Center

*Please note this page does not include all events and a rac ons in the area.

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Dash Point State Park The Commons Mall Enchanted Village and Wild Waves Theme Parks Pacific Bonsai Museum Rhododendron Botanical Garden Weyerhaeuser King County Aquatic Center West Hylebos Wetlands Park Town Square Park Celebrations Park Steel Lake Park Secoma Lanes PowellsWood Secret Garden Weyerhauser Corporate Campus Abbe Vinyard Winery Catapult Adventure Park

SCHOOL INFORMATION

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TITLE & ESCROW

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VALUE OF TITLE INSURANCE Did You Know?

Title problems are discovered in more than one-third of residential real estate transactions. These “defects” must be resolved prior to closing.

The most common problems are existing liens, unpaid mortgages, and recording errors of names, addresses or legal descriptions.

At Ticor we access, assemble, analyze, and distribute title information, in addition to handling escrow and closing. We conduct a thorough search of existing records to identify all possible defects in order to resolve them prior to issuing a policy.

What is Title Insurance?

Title insurance protects your legal ownership of a property. It ensures that your home’s title is clear of issues like unpaid taxes, liens, recording errors, or claims from past owners. Unlike other insurance that covers future events, title insurance protects you against problems from the past that could threaten your rights to the property.

Why is it Needed?

When you buy or sell a home, you want the transaction to go smoothly and without future complications. However, title issues, such as unknown liens, ownership disputes, or clerical errors, can surface unexpectedly and delay or derail the sale. Providing title insurance helps protect the buyer and ensures a clean transfer of ownership. It also shields you from potential legal claims after closing, offering peace of mind and helping fulfill your legal obligations in the sale.

When is the Premium Due? Title insurance is a one-time premium paid at closing. There are no monthly bills, renewals, or annual fees - your coverage lasts as long as you own the property.

Why Ticor Title?

By choosing Ticor Title, you’re backed by one of the most trusted names in the industry, with the experience and financial strength to protect your investment.

© 2026 Ticor Title Company (06/26)

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COMMON WAYS TO HOLD TITLE When people purchase real estate (like a house or land), “holding title” refers to how ownership is legally structured.

The method chosen affects rights of survivorship, transferability, taxes, and liability.

Here are the most common ways to hold title in the U.S.:

A Single Individual

Tenancy-in-Common

A person who is not married or a registered domestic partner.

Two or more people have interests (not as community property or joint tenants) in the property. The individual interests do not need to be equal but the sum total of the interests must equal 100% (i.e. Fred Smith and unmarried man, as to an undivided 73% interest and Anne Jones, an unmarried woman, as to an undivided 27% interest).

The interests of each tenant-in-common passes to his/her heir(s) at law upon death.

Separate Property Separate property can be held by an unmarried person, a married person or a registered domestic partner. Separate property in Washington State is defined as property owned before marriage and property acquired during the marriage or registered domestic partnership by gift, devise or inheritance.

In certain scenarios Ticor Title may require a non-participating spouse or partner to execute a Quit Claim Deed to relinquish any presumptive community interest in the property.

Community Property The Revised Code of Washington (RCW 26.16.030) defines community property as property “acquired after marriage or after registration of a state registered domestic partnership by either domestic partner or either husband or wife or both.”

Joint Tenancy Two or more people have equal interests in the property and the deed by which they take title must specify that the property is “held as joint tenants, with rights of survivorship”. Unlike tenanciesin-common, when a co-owner dies, his or her ownership interest automatically passes to the other co-owners.

Trust Ownership Title is held in the name of a trust, managed by a trustee for beneficiaries. Avoids probate and offers estate planning benefits.

We are not authorized to advise you on how to take title (also referred to as “vesting”). The method of holding title can have significant legal and tax consequences. Because these matters depend on your personal circumstances and applicable state law, you should consult with an attorney or other qualified professional to determine the best way to vest title for your situation.

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© 2026 Ticor Title Company (06/26)

WHAT IS ESCROW? Buying or selling a home is a major financial transaction, and escrow is here to help protect your interests throughout the process.

Escrow acts as a neutral third party that ensures everything agreed upon in the sale is carried out correctly. When you buy or sell property, there are many moving parts, such as; documents, payments, and legal requirements. Escrow steps in to manage these details and make sure the transaction is smooth and secure.

The Role of the Escrow Officer The escrow officer’s job is to protect all parties involved, including you as the buyer or seller. They prepare the legal documents, including the deed used to transfer ownership. Once all conditions of the sale are met and everything is verified, such as the buyer’s funds, loan documents, and title has been cleared, escrow facilitates the transfer of ownership and disburses your proceeds.

Why Buyers and Sellers Benefit from Escrow • Safe & Secure – Escrow provides a secure process for handling funds and documents.

• Fair & Neutral – Escrow follows the instructions agreed upon by both buyer and seller, without taking sides.

• Peace of Mind – You don’t have to worry about whether the other party will follow through. Escrow ensures all conditions are met before closing.

At Ticor, we make sure the process is honest, transparent, and stress-free, so you can focus on what’s next. Whether that’s your next home, investment, or new adventure we’ve got you covered!

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© 2026 Ticor Title Company (06/26)

TOP 10 REASONS TO CHOOSE TICOR TITLE

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PROACTIVE CLOSING PROCESS

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OVER A CENTURY OF INDUSTRY EXPERIENCE

3

FINANCIAL STRENGTH BACKED BY FIDELITY

4

TRUSTED, LOCAL EXPERTISE

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Unlike many companies that work backwards from the closing date, Ticor Title starts processing immediately on day one. Most of our files are ready for loan documents within 10 business days, ensuring smoother, faster closings and fewer last-minute surprises.

Founded in 1894, Ticor Title brings more than 125 years of expertise to every transaction, providing unmatched insight and reliability across all market conditions.

As a member of Fidelity National Financial, a FORTUNE 500® company, Ticor offers unmatched financial backing and claim-paying ability - a critical layer of protection for your investment.

Our Washington-based teams understand the nuances of each market we serve. With service across most counties within Washington, you get both regional knowledge and the strength of a national brand.

A PEOPLE-FIRST CULTURE Our success is built on relationships. From the moment an order is opened, our escrow and sales teams are focused on client experience, accuracy, and responsiveness.

”FORTUNE®” and “FORTUNE 500®” are registered trademarks of Time Inc. From FORTUNE® Magazine, June 2026 ©2026 Time Inc. FORTUNE® and Time Inc. are not affiliated with, and do not endorse products or services of, Fidelity National Financial.

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© 2026 Ticor Title Company (06/26)

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POWERFUL TECH TOOLS

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COMPREHENSIVE TITLE PROTECTION

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EDUCATION & TRAINING RESOURCES

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COMMUNITY COMMITMENT

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Ticor leverages leading-edge tools including digital earnest money solutions, app-based access, and secure document platforms - to keep clients and agents informed and on track.

We conduct thorough title searches and provide robust insurance policies to protect against hidden risks like liens, recording errors, or undisclosed heirs - safeguarding every transaction.

From informational blogs to live classes and on-demand resources, we empower real estate professionals and clients with the knowledge to make confident, informed decisions.

We show up - whether it’s sponsoring events, supporting causes, or investing in local partnerships. We believe in giving back to the communities we serve.

PROVEN SYSTEMS, CONSISTENT RESULTS With refined systems and experienced escrow teams, Ticor Title consistently delivers smooth, efficient closings - helping you build trust and grow your business.

SECURE YOUR HOME CLOSING WITH

®

A safe, simple, and streamlined real estate transaction – from start to finish.

What is inHere®?

The inHere® Experience Platform transforms the way home buyers and sellers complete real estate transactions – making it digital, secure, and simple from opening escrow to post-closing.

With inHere®, you can start, sign, and notarize all necessary documents safely from your phone, tablet, or computer – no more unsecured emails or unnecessary office visits.

Benefits • Maximize security, protect yourself from unsecure emails and potential threat of wire fraud.

• Convenience Anywhere – Open escrow, and complete forms in minutes – from the comfort of home or on the go.

• Faster Closings – Our guided process ensures all information is collected upfront, helping your transaction move smoothly from start to finish.

Key Features

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Start inHere® An intuitive, guided process to begin your real estate transaction, designed for both security and ease-of-use.

Close inHere® A fully guided digital closing experience, making the final step as seamless as the first.

Mobile Deposit for Earnest Money Deposit your check directly from your phone without downloading another app – just snap a photo of the front and back. It’s safe, contact-free, and instant.

Your Safeguard Against Wire Fraud Wire fraud is a growing risk in real estate transactions, and homebuyers are prime targets.

With inHere®, wiring instructions are delivered through a secure, encrypted portal – never through an unsecured email – helping keep your funds safe. inHere® gives you confidence in every step of your transaction – secure, simple, and stress-free.

© 2026 Ticor Title Company (06/26)

Property Monitoring Stay informed about your property—long after closing

A simple way to stay connected to your home After closing, most homeowners don’t have visibility into activity related to their property.

Property Monitoring is a complimentary post-close service that helps keep you informed by sending email alerts when certain activity associated with your property is identified.

What You’ll Receive

Good to Know

• You’ll get email notifications if: • Certain documents are recorded on your property, such as a lien or deed • Your property is listed for sale on the MLS

Why It Matters

Title insurance protects against ownership issues arising before closing.

Property Monitoring provides visibility after. Together, they help homeowners stay informed and act when it matters.

• Stay aware of changes related to your property • Spot unexpected activity early • Feel confident knowing you’re informed over time

What to Expect • You’ll automatically be enrolled after closing NO NEW ALERTS

• You’ll receive an introductory email within a month of closing • Alerts will be sent if activity is identified • You can opt out at any time

No cost. No sign-up. No extra steps.

This is a complimentary post-close service. There’s nothing you need to do to get started.

©2026 inHere, LLC This information is limited in scope. While this information is believed to be correct, Fidelity National Financial, Inc. makes no representations as to its accuracy, disclaims any warranties as to the information, assumes no duties to you or any third party, and assumes no liability for any loss occurring by reason of reliance on this information or otherwise.