Borders and Borders
What is Margo's title at Borders and Borders
Closing Attorney (Real Estate Attorney)
What is Joey's title at WSG?
Lead Buyer's Agent
What document/item MUST a buyer AND seller have at closing?
Valid I.D.
Who should you talk to first when considering to buy a home? (2 correct answers)
Real Estate Agent or Lender
Someone purchasing a home and having it produce income
Real Estate Investor
How many "Borders" work at Borders and Borders
3, Margo, Harry, John
What type of Real Estate do WSG agents work with?
ALL of it, Residential, investment, commercial
What is the first step of the home buying transaction?
Getting an accepted offer
What does a buyer purchase when investigating the quality of the home?
Home Inspection
Someone selling a home without an agent involved
For Sale By Owner (FSBO)
What are the 3 main types of closings that occur?
Financed by a lender, Cash, Refinance
How many agents are with WSG?
5, Joey, Chelsea, Denise, Drew, Jon
What are two main items a lender normally checks with a new client?
Credit and DTI
How long does the typical transaction last? (range)
30-45 days
A client who has never owned real estate before
First Time Home Buyer
What is the most "important" document you sign at closing?
How many transactions did WSG close in 2022?
139
Within 100, how many active homes are in the Lville market right now?
1760, will accept 1660-1860
The best way to defer capital gains tax as an investor?
1031 Exchange
A client moving from a large (sq ft) home to a smaller home
Downsizing client
How long has Borders and Borders been in business?
51
What does WSG stand for?
NOTHING
What's the difference between a Mortgage and a Note?
The note promises to pay the loan back, the mortgage holds your property as collateral.
Bob purchased a property unmarried. He got married 2 years later and went to sell that property, why does his wife have to sign the deed at sale?
Kentucky is a dower state.
Jimmy signs a contract to sell his property to Joe. Joe sells that contract to a buyer at a higher price than the original contract. Joe is a _________
Wholesaler