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Wednesday, March 31, 2021

February 2021: Oldham County KY Real Estate Market Summary

February 2021: OLDHAM COUNTY MARKET SUMMARY We're back for another monthly Oldham County real estate market summary. We have seen some changes since January 2021. Absorption rates continue to dip (number of available homes during a given ...  Read More

Thursday, February 25, 2021

January 2021: Oldham County KY Real Estate Market Summary

january 2021: OLDHAM COUNTY MARKET SUMMARY January brought us frigid temperatures and record low housing inventory. Looking back at our January 2017 Oldham County Real Estate Statistics blog, it shows how low housing inventory is now. Inventory is ...  Read More



  • Closings are often held at the title company’s office but are may be at the real estate office or some other acceptable location.
  • Funds that buyers or sellers will pay or receive are detailed on a standard form called a HUD-1. All expenses or proceeds to both parties are shown on this 2-page form.
  • In most cases, buyers and sellers are both present, along with an attorney.
  • Realtors® and lenders don't have to be present but usually are.
  • Typically, sellers will sign the deed of the property over to the buyers in front of the attorney.
  • Buyers will sign the mortgage -- an 18-page standard document which pledges the home to the lender as collateral for the loan.
  • Attorneys will collect up-front payment from buyers to fund "escrow accounts", which enable the lender to pay your homeowners insurance, property taxes, etc.
  • Both parties will be asked to sign many legal forms -- disclosures, agreements to let the attorneys correct any errors discovered after the closing, etc.
  • Realtors® are paid by closing attorney out of the sellers' proceeds.
  • Sellers walk away from the closing table with a check and the buyers with keys to their dream home!

It sounds complicated, and it is -- but all of this is done by people who do it every day. It's made simple for the buyer and seller by the Realtor® and his/her trusted associates.