Homeownership 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Decide to Buy Find Your Agent Secure Financing Identify Your Criteria Find Your Home Make An Offer Perform Due Diligence Close Move in and Protect Your Investment Enjoy Service for A Lifetime
STEP 2 Find Your Agent As your buyer agent, I… Educate you about the market. Analyze your wants and needs. Guide you to homes that fit your criteria. Coordinate the work of other professionals. Negotiate on your behalf. Solve any problems that may arise. 100% of my clients choose exclusive Buyer Agency so that they have representation during the transaction. Did you know that your agent's commission is paid by the seller or builder in almost all situations? Even if you are buying new construction! STEP 3 Secure Financing Knowing what you can afford is critical! Will you need a loan? Ask for referrals. We can help you shop for lenders. Be prepared to provide your recent tax returns, pay stubs, and bank statements. We recommend that you do more than just get "pre-qualified". Take the time to turn in all your documents so you can get "pre-approved". A full pre-approval gives you leverage and confidence.
Some Questions to Consider: What do I want my home to be close to? What do I want my neighborhood to be like? How much space do I need? What do I need that space for? Which is more critical: location or size? Would I be interested in a fixer-upper? What kind of property should I buy? Would I be interested in new home construction? What features do I need? What amenities do I want? What does my home have to have now? What does it have to have the potential for? Of all my wants and needs, which are the most important? STEP 5 Find Your Home Determine the houses you want to see. You will receive property matches from me to browse online. The listings I send are from the MLS (multiple listing service) which is more reliable than other online places you may search. Visit homes that match your criteria Create a rating system Decide to make an offer...
When you identify the home you want to buy, I will research the market to advise you on your preferred offer price and terms. For resale homes, I will write the offer for you to sign and negotiate on your behalf. It's not unusual to receive counteroffers. For new construction homes, the builder writes the contract and I will still negotiate on your behalf. Sometimes builders offer incentives and take offers, other times they do not. We will Discuss price and down payment title company and earnest money amount (usually 1% of sales price) who pays for the survey, HOA transfer fees, home warranty option period (your right to inspect the property) and option fee (usually around $300) closing date and possession date seller paid closing costs non realty items (such as appliances)
Offer Accepted! For resale homes: You will deliver funds for option & earnest money. For new construction homes: They have a set earnest money fee that is due. This can range from $500 - $5000 or sometimes more. We will guide you through the entire process to closing, including: Option period - choosing an inspector More About Inspections Costs of inspections vary on the size and age of the home. Inspections usually cost $350 or more. The purpose of a home inspection is to gain knowledge about the major systems of the home including the roof, foundation, electrical, plumbing, and HVAC. Inspection reports are usually 20 or more pages long and include a lot of photos. It is common for reports to include maintenance items as well. During option period, I will negotiate on your behalf to address any major concerns that were discovered during the inspection. Negotiating major repairs Choosing a home warranty company Completing your loan Reviewing HOA documents Setting up utilities & getting a homowner's insurance policy Making moving arrangements Scheduling closing
Pre Close Final Walkthrough Questions for Final Walkthrough Is the house clean, and are the seller's possessions removed? If not, when will they be? Are all the required repairs made? Did you request and receive documentation of when repairs were made and who made them? Do you have all the items needed for the house (codes, openers, manuals, and warranty information, among others?) If not, when will you receive them? Review the appraisal Review the survey Review the title commitment Review the settlement statement Send your down payment Closing You will get: Settlement statement Transfer of clean title Keys to your new home You will bring: Certified funds Evidence of insurance Valid ID
Investment Maintain It Perform routine maintenance on your home’s systems, depending on their age and style. Keep an eye on it Watch for signs of leaks, damage, and wear. Fixing small problems early can save you big money later. Keep a file of receipts for your repairs. Consider obtaining a home warranty. Your homeowner's insurance policy and home warranty provide coverage and protection when the unexpected happens. STEP 10 Enjoy Service for A Lifetime Our Work Doesn't Stop When You Close on Your Home. We will... Help you file for your homestead exemption Help guide you when you protest property taxes Provide a vendor list for home maintenance, repairs, and remodels Advise you on your home’s value Advise you on home improvements and maintenance Invite you to client events (New Year's Day, 4th of July, Pies & more) Help you with your next real estate transaction(s)
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