Buyer/ Seller – Education
Search Buyer/ Seller – Education
Timeline – Refinance: See how you can help speed it up!
Borrower’s Refinance Timeline – From loan application to closing.1. Shop lenders for interest rates, getting loan scenarios or work-sheets that have rates and fees.2. Collect documents: Bank statement, tax returns, W-2s, Paystubs, etc – get the list of what’s needed...
Timeline – Buyers: Be informed. Be comfortable.
Buyer’s Timeline: From contract signing to closing.1. Shop lenders for interest rates, get loan estimates or “work-sheets” from each that show rates, fees, payment, etc.2. Collect documents: Bank statement, tax returns, W-2s, Paystubs, etc – get the list of what’s...
Timeline – Sellers: Understand what to bring and to know. Things have changed!
Seller’s Timeline – From contract signing to closing. 1. Before you list your home for sale: Prepare your home for a quick and smooth sale – fix EVERYTHING. De-clutter every room, even if you have to rent a storage facility or put some things in a family/friend’s...
Timeline – Title Co. See what we do behind the scenes.
1. Receive title order from the lender (or Real Estate Professionals in a cash purchase) – within a week or two of when buyers and sellers finalize their contract. 2. Do title search immediately – Search the land records at the county clerk’s office in the county in...
Timeline – Sellers: Know. Understand. Be comfortable.
Seller’s Timeline – From contract signing to closing 1. Before you list your home for sale: Prepare your home for a quick and smooth sale – fix EVERYTHING. De-clutter every room, even if you have to rent a storage facility or put some things in a family/friend’s...
What is a mortgage?
The mortgage is a document that is a list covenants between you and the lender. It says that as long as you abide by those covenants, the lender will leave you alone. All conventional mortgages in Kentucky and Florida are approved by the government and are...
Top 5 reasons closings get delayed
5 Key DOs/DON’Ts to help get YOUR closing(s) closed on time! Remember – Folks’ possessions are on moving vans, that may not be able to be rescheduled …Childcare has been arranged …Folks have taken off work …Folks don’t have extra days-off …Buyers can lose their...
Who must attend closing? Marital Rights. Dower/Curtesy
By state law in Kentucky, if you buy a property in your sole name, your spouse will instantly have an ownership interest in that property – just by the fact that you are legally married. Names on deeds do not solely determine ownership; Names PLUS marital status...
How to request Jett Title for your closing
Cash Purchases – when the buyer is NOT getting a loan to buy the property. You drive the bus. Tell your Real Estate Professionals you choose to close with Jett Title. Send us the contract for our go-ahead, then we can usually close 3-days...
Top 10 Home buyer mistakes
Top 10- mistakes made by home buyers after making their loan application: 1. Paying off ANY debt, regardless of how small or large. EVEN if it’s not you would be paying off the debt. Having enough cash to close can be an issue and you may need all you’ve currently...
Owner’s Title Insurance – When you should buy it
Owners Title Insurance Made Easy! What is it and when you should buy it. There are two types of title insurance: Lender’s and Owner’s. 1.Lender’s: Required when you get a loan. Does NOT protect you. Protects the Lender. You pay for it. Lenders don’t want common title...
What is a settlement agent, title company, real estate attorney?
A title company, real estate attorney, closing company, etc. = are all terms frequently used interchangeably to describe “settlement agents”. Title companies are either owned by, or employ real estate attorneys – Jett Title does both. All settlement agents perform...
Cash purchases – How do they work? Who orders the title search & closing?
What is a cash purchase? A cash purchase means the buyer is not using the subject property as collateral on a loan to buy it. 1. The buyer MAY be using an existing home equity line of credit (HELOC) on another home, to get the funds to buy the subject property....
Top 10 Real Estate Professionals Mistakes and How to Avoid Them
Truly professional, top producing Real Estate Professionals are ones who…keep deals together. They routinely get all parties to the closing table by avoiding the following top 8 mistakes… Mistake #1 – Poor, incomplete, late, or last-minute…or ZERO communication. Not...
Land contract explanation & how a closing works on it
A land contract is nothing more than a rent-to-own agreement. It is NOT a purchase transaction, it IS an agreement to purchase the property at a future date. A land contract IS an agreement to purchase a property at a future date, at an already agreed-upon price,...
How to convey difficult news
The only thing worse than bad news…is bad news later! Kill the monster while its small! Do NOT let it continue to grow, getting uglier and nastier every hour. Don’t put off sharing bad news. Don’t be afraid to address the potential “tough stuff”, gently, directly, and...
FSBO – For Sale By Owner – What buyers/sellers need to know!
FSBO – For Sale By Owner This impacts the sellers AND the buyers. Some good, some bad, but all are easily worked through if you know the lay of the land. Here’s the lay of the land:A FSBO means that the seller is not using a Real Estate Professionals to sell/market...
What is Closing?
It is the 30-60 minute meeting of buyers, sellers, real estate professionals and loan officer, led by the title company’s “closer”. In this meeting, document explanation/signing takes place to make the transaction official and finalized…or “closed”. The title company...
Property Taxes in Kentucky and Fayette Co.
Property Taxes in Kentucky (Fayette Co. is below) 1. They are paid in arrears, annually, on a calendar year. 2. All bills get mailed out sometime during the month of October, by each county’s sheriff’s department. 3. Tax bills most always get mailed to whoever the...