Tag: national

TITLE FIRST CAN ASSIST YOU IN PROMOTING YOUR BUSINESS WITH OUR FULL LINE OF MARKETING SOLUTIONS.

As a full-service title company, Title First believes in providing value-added services. Whether you’re a Realtor, lender, builder, law firm, buyer or seller, our helpful resources help you meet your goals.

Net-to-Seller:  This convenient tool helps you estimate your clients’ profit and presents it in a professional format that you can share.  Closing costs are calculated by adding up all various fees and charges a home seller pays when selling their home. For example, title insurance, home warranty, commissions, transfer tax, mortgage balance, prorated property taxes, mortgage balance and will also run various scenarios.

Full-Color Postcards, Imagery is powerful:  Stop working so hard. Title First has teamed up with PostcardBuilder.com to help you design, print, and mail your full-color, glossy, postcards. Choose from a variety of templates. Studies show that 56% of customers find print marketing to be the most trustworthy and are one of the best ways of exposure of your property and your business.

Property Profiles:  For your next listing, make a good impression on clients and prospective buyers with a bound presentation of property information.  Include some local market data that shows historic trends, how quickly homes are selling, or anything else that would be useful for the homeowner to understand how you will arrive at a price for their home. Explain  how the sales process works and how you will market their home in this presentation.

TitleFirstAgent Application:  Provide a higher level of service to your clients with a tool that enables you to give quick, easy estimates to any real estate financial questions. The app features net sheets, quick estimates, closing costs, prorated taxes and much more.  Watch the demo, here.

* Only available for Central Ohio

Listing Flyers:  Email us your MLS link, logo, and personal photo, and we will create a professional full-color info sheet for your listing.  This flyer, can help to sell your client’s home even when you aren’t there. Potential buyers will carry the flyer and all the information back to their home.

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Ohio Disclosure Rules

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When selling your home, you are obligated to disclose problems that could affect the property’s value or desirability in Ohio. Sellers and their Realtors are required to document any known defects to potential buyers. Sellers also have to take a proactive role by making written disclosures about the condition of the property.  Disclosure of a problem doesn’t mean you must repair or correct it. A buyer has an interest in getting the deal closed as well and oftentimes will overlook minor issues. More times than not, the disclosed item can become a point of negotiation between you and your buyer.

The Residential Property Disclosure Form is designed so that prospective home buyers are aware of known problems with the property during your ownership for a period not to exceed the past five years. Once the buyers have this in their hands, they have the right to rescind the purchase contract if it is made before the closing, within 30 days of signing the purchase contract and within three days of receiving the form itself.

Not everything needs to be disclosed. Many problems are obvious – a water stain on the ceiling for example or a deck that is rotten and falling apart. As a seller, you don’t have to disclose it. You can’t conceal or prevent a buyer from investigating the problem. A defect that is open, observable and can be discovered through inspection and inquiry is called a patent defect. The buyer can be held responsible and liable for all defects that could have been discovered upon inspection.  The burden is on the buyer to notice these issues prior to purchase.

If there’s any doubt about whether something should be disclosed, the best policy is to err on the side of disclosure. Full disclosure will protect sellers from future legal claims.

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Best Title Insurance Company

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All homes on the market have a history and using the best title insurance company will aid you in the discovery of any title defects that are connected to the property that you want to buy by completing a title search. Problems that come up often are clerical (incorrect spellings, wrong address, inaccurate property description) or filing error in the public record that can include street & sewer assessments, judgments, and special taxes assessments.

Beyond human error, a good title company will be able to identify:

Unknown Liens:  Possible claims against the property, often the result of unpaid taxes or a judgment involving a creditor. This isn’t your responsibility to take care of – but can give you some leverage in the purchase of the home.  The best Realtor in your area will always do the due diligence for you.

Illegal Deeds: There is always the possibility that a prior deed was made by an undocumented immigrant or a minor that will affect the ownership of the home.

Missing Heirs: This can lead to a major problem for you, as a buyer. If the home was sold and there are family members that come along after the sale claiming and proving to be an heir to the home it could lead to an expensive problem for you.

Forgeries: Occasionally forged or fabricated documents that will affect property ownership are filed within public records, obscuring the rightful owner of the property.

Undiscovered Encumbrances:  Former mortgage liens or non-financial claims, such as restrictions or covenants limiting the use of your client’s property not surfaced at the time of purchase could result in a third party having a legitimate claim on the home.

Unknown Easements: Easements for driveways, roads, and sidewalks over a neighbor’s property, for example, are very common and can have a huge impact on the value of a property.

Having title insurance will provide you the protection from the above problems – some of which may not come to light until after closing.  There are many potential impediments to a clear title. Title problems can be the most expensive to fix, thus, when buying a home you want to make sure a search has been done and that you are protected going forward. The title insurance exists to protect you and your heirs against any losses resulting from future claims by a third party.

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