Tag: title business

Agent Migration

With Bigger Goals Ahead, There’s No Looking Back For Duke Jimerson

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A couple of years ago, Duke Jimerson jumped into residential real estate, later making a segue from the residential and commercial title industry when he joined Jonathan Rosen and Christy Berry’s Collective Residential Group. Several months later the firm merged with Compass Real Estate, introducing a new national brand brokerage to the market that is still making waves. Jimerson is as well, with $10+ million in production under his belt for the year and several exciting projects and client opportunities in the pipeline.

“Compass is a pioneering tech-based real estate Company that brings a whole new approach of doing business to our industry,” he said.

It’s fair to say that real estate is in his blood. Both of his parents were in the business, instilling a passion in him at an early age. He began his real estate career with Allegiance Title in the Commercial Division. During his tenure, he helped broker extensive and complex deals with private equity firms and large corporate clients. 

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Title Business

Title Tip: What Happens When The Title Company Drops The Ball?

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Watching the ball drop on New Year’s Eve can be fun and exciting. But watching someone drop the ball on a real estate transaction is no fun at all.

What happens when the title company drops the ball and problems arise with your transaction? Get ready for a jaw-dropping surprise.

In Texas, the title company is not a party to the residential real estate contract. The buyers and sellers are the parties to the contract. While the title company is mentioned in the contract, their actions are made on behalf of the buyer or seller.

Let’s take a look at a few instances where the title company may drop the ball and examine the potential consequences.

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Title Business

Title Tip: Follow These Steps To Get The Sale Closed

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Closing on a house can be frightful. But a new home is so delightful. And since we’re all set to go. Let it close, let it close, let it close.

While getting to the closing table isn’t always lively and fun, we still love to get there. There are a few potentially slippery steps from the time you put a warm signature on your sales contract to the handing over of the house keys.

Unless something pops up to put a freeze on the process, these are the basic steps most buyers and sellers will follow for closing on a residential property:

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Title Business

Title Tip: Which Home Warranty Should You Choose?

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Want to learn about which home warranty could work for you? Click image above to learn more.
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Title Business

Title Tip: Do You Need a New Survey Every Time? It Depends.

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When it comes to property surveys, sometimes age is just a number. Sometimes it isn’t. Many folks think a survey is good indefinitely. Others believe a new one is required with every sale.

Age isn’t the only factor in determining if an existing survey may be used for a real estate transaction. There are many details in a survey and a survey affidavit that typically outweigh the age of the survey. The confusion arises because there is no absolute rule for the age of the survey to still be useful.

I get all manners of odd surveys from sellers. Even if the survey is new, a blurry cellphone shot of it is not acceptable for use. Neither is a 1940s mimeograph copy. Hand drawing on a neighborhood map isn’t going to work. Cut off copies are no good either.

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Title Business

Title Tip: Common Mistakes in Contracts That Can Get You Sued

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Let’s play a game I like to call “Don’t Get Sued.” We surveyed fewer than 100 escrow officers and asked them: “What is a common mistake you see on residential contracts?”

The top 8 answers are on the board. Ready with your buzzer? The survey says the 8 most common contract mistakes that could get you in trouble are:

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Title Business

Title Tip: What Happens When You Rescind an Offer to Purchase?

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Shopping for a home is a bit like dating. Buyers, like daters, are looking for that perfect match. But just because you fall in love doesn’t mean they’ll love you back. Getting down the aisle to happily ever after can take some effort. And you may have to kiss a few frogs in search of the ideal mate.

So what happens when you need to jilt that potential lover – or seller — before your first real encounter? It’s not the love connection you thought it could be and you’ve changed your mind?

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Title Business

Title Tip: Say Cheese! You Bought a House!

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It’s closing day. Say cheese! All those photos of smiling faces on closing day offer proof that most folks are delighted to be closing on a home. Either they’re getting the keys to their new property or they’re getting a check for the sale.

Before the popularity of social media, most people mailed out moving announcements to let friends know they’d bought a home. Today, social media now plays a dominate role in announcing a move.

In this age of selfies and sharing, many homebuyers, sellers, and agents like to announce this kind of cheerful news with a closing photo. Just check out the social media posts on popular sites to find friends and families celebrating big events in their lives. Buying or selling a home is one of those big events.

“It’s a major milestone in your life,” says Kimberly Rote of Allie Beth Allman & Associates. She rates buying a home up there with getting married or having a baby.

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