Realtor Education

  • Timeline – Title Co. See what we do behind the scenes.

    Timeline – Title Co. See what we do behind the scenes.

    1. Receive title order from the lender (or Realtor 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 which the property is located.   a. We go ... Read more ...Click Here
  • Timeline – Sellers: Understand what to bring and to know. Things have changed!

    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 garage for a few weeks. 2. List the ... Read more ...Click Here
  • Timeline – Realtors: Know why you and your communication is so important

    Timeline – Realtors: Know why you and your communication is so important

    Realtor Timeline – from contract signing to closing. From signing the contract to sitting down at the closing table takes from 2-5 weeks, on average, depending on whether or not the buyer has gotten a lender-pre-approval or not.  A pre-approval means buyers have made loan application and gotten approved, but they have not yet identified ... Read more ...Click Here
  • Timeline – Buyers: Be informed. Be comfortable.

    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 needed from any lender. *The ACCURACY AND SPEED of your responses to requests ... Read more ...Click Here
  • What is a mortgage?

    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 are approved by the government and are standardized.  So, what are you agreeing to? That your house is ... Read more ...Click Here
  • Realtors – How to request Jett Title to close your deals, EVEN when you’re the LISTING agent

    Realtors – How to request Jett Title to close your deals, EVEN when you’re the LISTING agent

    Cash Purchases – Buyers’ agent. You drive the bus. Send us the contract for our go-ahead. We can usually close 3-days later. Orders@JettTitle.com We will get a HUD to you ASAP for you to review with your clients. Financed Purchases – Buyers’ agent Specifically request the buyer’s lender to use Jett Title for closing, as early ... Read more ...Click Here
  • Timeline – Sellers: Know. Understand. Be comfortable.

    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 garage for a few weeks. 2. List the ... Read more ...Click Here
  • Who must attend closing? Marital Rights. Dower/Curtesy

    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 does.  The same is true if you bought ... Read more ...Click Here
  • Top 5 reasons closings get delayed

    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 interest rate     ... Read more ...Click Here
  • Cash purchases – How do they work?  Who orders the title search & closing?

    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.  2. If the ... Read more ...Click Here
  • What is a settlement agent, title company, real estate attorney?

    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 the exact same legal function – they finalize, “close”, real estate transactions.   A settlement ... Read more ...Click Here
  • Property Taxes in Kentucky and Fayette Co.

    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 owner of record was, on January 1st of the ... Read more ...Click Here
  • Owner’s Title Insurance – When you should buy it

    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 defects to cause their loan to you to ... Read more ...Click Here
  • Top 10 Home buyer mistakes

    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 got…and you may need the ... Read more ...Click Here
  • How to convey difficult news

    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 confidently: 1) As soon as you hear about ... Read more ...Click Here
  • Land contract explanation & how a closing works on it

    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, and to rent it to buyers in the ... Read more ...Click Here
  • Top 10 Realtor Mistakes and How to Avoid Them

    Top 10 Realtor Mistakes and How to Avoid Them

    Truly professional, top producing Realtors 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 knowing what is critical info to pass on, and when. Solution #1 – Share critical info early.  Will any ... Read more ...Click Here