Annette  Lawrence , Palm Harbor, FL 727-420-4041, Making FLORIDA Real Estate EZ  (ReMax Realtec Group)

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Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

    At a closing last week, the Title Attorney addressed a scam that is making the rounds here:

     "We (the title law firm) are having your Deed recorded at the Courthouse.  If you get a text or email stating that, 'You need to pay a $100 dollar fee because your deed was not properly recorded', ignore it!"

Oct 13, 2020 07:50 AM
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Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Wouldn't we have the parental talk prior to their move in? I would.

And I basically would tell them keep everything. Have a file, keep it in reverse chronological order, and as you update your house or make any changes add to that file. When you go to sell your house (and someday you might), you're going to love having a list of the dates that you updated the appliances, painted, re-roof, any changes in your mortgage (you might refi a couple of times lol)
keep it all.

Oct 13, 2020 08:44 AM
Rainmaker
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Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Some talks seem to be ongoing.  This might be another one of those situations.    There are buyers who know and understand or have learned through various "lessons", others "get it" right away with a single(and relatively simple) example and, of course, we can "find" those who remain "lost".  It's not a one-size-fits-all kind of situation.   Provide appropriate information, then ask questions, listen and then proceed.  

Oct 13, 2020 06:55 AM
Rainmaker
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Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Good question thank you. My current seller has not only a complete file on her purchase and has kept it updated but also has a diary type manual on the idiosyncrasies of the home...lots of it must knows. Yes to this for everyone

Oct 13, 2020 07:20 AM
Rainmaker
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Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

I tell them to keep it all in a safe place & that's not the safe deposit box. If they need something they will never go & get it.

Don't give your original survey to anyone. Give them a copy.

 

Oct 13, 2020 12:40 PM
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Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

We are an attorney state in CT; they do the closings and it is more appropriate for a lawyer to advise regarding documents, etc.

Oct 13, 2020 12:11 PM
Rainmaker
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Annette,

We have wise people who already answered this question.  We did not need to have a parental talk, our clients usually owned several commercial businesses, and we were blessed with a great escrow officer who would explain if needed some issues.  A

Oct 13, 2020 08:50 AM
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Anna Banana Kruchten CRS, CRS, Broker, Instructor
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

I have 'the talk' way early on before they are 'educated' in the process and begin the looking process... and we've got check lists of stuff to 'remember' to keep, do etc. Most follow it to the T.

Oct 13, 2020 02:50 PM
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597,681
Tony Lewis
RE/MAX of Valencia (Hall of Fame) 30 year Valencia Resident - Valencia, CA
Summit Real Estate Santa Clarita & OC Laguna Nigel

I let them know to keep everything they have received regarding this home in one separate file and to save any communications as well.

Oct 13, 2020 12:52 PM
Rainmaker
709,251
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

They're always warned at closing about the title scam that's out there.  Additionally, I warn buyers of the "joys" of homeownership... "It's yours now. Things will break, items will need repair, you did not buy a perfect house".   Just a little dose of reason for their journey ahead. 

Oct 14, 2020 05:17 AM
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Most of my clients are older adults, except for the homes I sold to my kids, and they already knew about record keeping from many years of helping with our business.

Oct 13, 2020 11:49 PM
Rainmaker
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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

If a property with an HOA - attend the meetings and volunteer to be on the Board.  

Keep accurate records of improvements, things replaced/repaired, calendar when to replace furnace filters (you will forget), and if you need anything, recommendations for service providers, give me a call. 

Beware of scams out there.  If ever in doubt - give me a call! 

Oct 13, 2020 02:56 PM
Rainmaker
802,337
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Great advice from Candice A. Donofrio 

Nothing more for me to add.

Oct 13, 2020 02:45 PM
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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I always tell them they won't have to pay for a "certified" copy of their deed. As for the "paperwork" they need to keep I generally have all of that loaded into their loop and they can access it there.  I'm also in the habit of scanning everything and giving it to them a jump drive that they can add "house" things to via scan and keep all their documents in one handy place without a bunch of paper.

Oct 14, 2020 07:39 AM