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| Issue: 2 |
January 25, 2010 |
Greetings!
Welcome to this edition of the OwnerLand Realty Virtual Sales Meeting!
Whether or not you are an OwnerLand agent, our sales meeting is packed with important information to help your real estate business grow.
Every issue includes hot real estate topics, market comparative analysis, and more!
Agent participation is welcome! If you have information, an article, or even a recipe you would like to share with everyone, please email us at weekly@ownerland.net. |
| Always Recommend Title Insurance |
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Your Clients look to You as The Expert!
The purchase of a home is typically the most expensive purchase your client will make. Very often they will turn to their agent for sound advise. You have a duty to work in their best interest!
An Owner's Title Insurance policy covers your client in the event of any title issue that might occur. A one-time fee for the policy protects your client from any claim that may challenge their right of ownership.
NEVER recommend that your client NOT get Owner's Title Insurance! You are opening yourself up to potential litigation. Let's say your client looks to you and asks, "should I get title insurance?" and you answer with no. If a situation arises regarding a title issue that threatens their home, they can claim that you told them not to cover themselves with a policy...You Can Be Sued!
Again, you are required as an agent to be working for their best interest! You can be held responsible.
Did you know that Title Companies perform title searches only 10 to 42 years back in history? Most companies only go back 10 years! What if someone's interest is missed in the search. What if a contractor places a lien on the property just after your buyer purchases it? There are lots of things that could present a title issue on your buyer's property.
If your title company is charging less than the standard title rates, chances are they are not doing the full 42 years search.
WORK FOR YOUR BUYER! Your job is to guide them through the home-buying process with good information so they can make the best decisions. Leave the decision to them but be sure they are educated on the issues. You are being a great agent and minimizing your risks at the same time!
Jeff Barnhart |
News from a Network Partner
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First Time Homebuyers Tax Credit: Scenarios
From the IRS Website
This is a great website for your customers who have questions for the $8000.00 Tax Credit being offer in purchasing a new home or the $6500.00 being offer to people who have owned their home for 5 years and are selling and purchasing a new home. We are not tax people and I am sure you would rather have them go to the experts.
These are some friendly tips from
your Mortgage Lender, Option Financial.
Donna M Bradford 513-225-0873
Tisha Clifford 513-544-5414
Website: http://www.irs.gov/newsroom/article/0,,id=206294,00.html
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An Important Change in Depositing EARNEST MONEY!
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You No Longer Need to Write The Account Number!
Simply write "OwnerLand Realty TRUST" on the back of the check.
National City Bank is in the process of switching to their new owner, PNC Bank. The current account numbers will no longer work for your deposits.
In an effort to simplify things for our agents, we made an arrangement with PNC Bank so that agents simply write OwnerLand Realty TRUST on the back of all earnest checks. No need to know the account number.
For Commission Deposits, write OwnerLand Realty on the back of the checks. Again, NO number is needed!
IMPORTANT!
Be sure all earnest checks are deposited in the TRUST account. All other deposits should go into the general account.
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A Word from OwnerLand Realty Management
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Company Procedures are Important!
Email submission of files is a quick and easy way for agents to be efficient and compliant with broker requirements.
Agents need to follow the submission guidelines spelled out in the Agent Virtual Office on OwnerLandRealty.com. The guidelines tell you all the required documents that need to be submitted in ONE PDF file to your manager in a timely manner. You may also have additional documents not in the list. I always recommend you include anything that you feel is relevant to the file. Our company constantly strives to keep costs down in order to keep our agents costs down. If we need to spend added time on combining multiple attachments to make one file before review, it could effect your low closing fees! Click Here for a downloadable/printable checklist.
Give a little attention and do your part!
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| American Homeland Title |
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Have a Legal Question?
As an OwnerLand Agent, you now have a real estate attorney available
by phone for all your legal questions AT NO CHARGE*!
Contact the OwnerLand Realty corporate office for more info.
Simply put "Century Land Title"
on your purchase contracts.
*For simple questions & advice. Does not include documents & letter preparation or more involved legal matters which may require a fee for service.
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 Service Provider List
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Do you know a good contractor?
OwnerLand Realty would like to compile a database of GOOD service providers; professionals with a good track record and reputation. If you know somebody, send me an email at jeff@ownerland.net and we'll see about adding them to the list. Remember, a referral that you give one of your clients can make you look good or bad! Let's be sure to protect our image!
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FUN STUFF
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| MORE REAL ESTATE ARTICLES & VIDEOS |
- New RESPA Rule; What It Means To Your Business ... Article
- CABR Press Release: December Sales are UP!...Article
- Changes in FHA lending will affect YOUR BUSINESS....Article
- Market Conditions...Article
- Realtors Support Haiti Eathquake Relief Efforts......Article
- Real Estate Outlook on Realty Times...Video
- Think Big Work Small a great up-to-the-minute resource for real estate and mortgage professionals...Video
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| Positive Pursuits |
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"Nothing on earth can stop the man with the right mental attitude from achieving his goal;
nothing on earth can help the man with the wrong mental attitude."
Thomas Jefferson
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VIRTUAL SALES MEETING CONCLUSION
Thank
you for being a part of OwnerLand Realty. Our success is a result of
our awesome agents! We are so privileged to have you on our team!
We
welcome your input in our Virtual Sales Meetings...so please email me
(ginni@j2res.com) if you would like to submit an article, helpful hint,
recipe...or if you have a great joke to share with everyone.
Have a Great Week!
OwnerLand HR/Marketing Dept
230 Northland Blvd
Cincinnati, Ohio 45246
JSquared RES
513-896-1200 |
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