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Buyer s Guide 701 799 3803 jen movewithmp com www movewithmp com 12 Broadway Fargo ND
About Me Jen grew up in Fargo and graduated from Fargo North go Spartans She attended college in Chicago and eventually met the love of her life and they started their family together In 2012 they relocated back to Fargo and have enjoyed getting to know and connecting with the local community Locally Jen is involved with the FM Food Pantry Backpack program and Matthew s Voice As her heart has always been with helping people Jen successfully obtained her Real Estate and Broker licenses and has been helping buyers and sellers with their real estate needs ever since Jen loves helping buyers find their dream homes and helping sellers move to the next chapter Working with Jen means working with a knowledgeable and professional Realtor and committed ally who negotiates on behalf of her clients She has a positive outlook on life and is a firm believer in the importance of customer service taking the time to understand her clients unique lifestyles needs and wishes to ensure the buying or selling experience is enjoyable and that clients wants and needs are met 100 every single time Learn more about Jen https www linkedin com in jen mansour Jen Mansour Broker Owner
Meet Our Team
Home Buying Process 1 PRE APPROVAL Meet with a lender Determine the right mortgage Get a pre approval letter 2 Discuss your criteria with buyer s agent Begin your home search Jen Mansour BROKER REALTOR View the homes you are interested in 3 jen movewithmp com OFFER NEGOTIATION Submit a strong offer Negotiate the terms of the contract CONTACT cell 701 799 3803 HOME SEARCH Research comps with an agent 4 INSPECTION Negotiate repairs begin title exam Schedule home inspections Modern Prairie Real Estate 12 Broadway N Suite 307 Fargo ND Finish loan process 5 PRE CLOSING Confirm the repairs are made Carry out a pre closing walkthrough 6 modernprairierealestate CLOSING Review closing statement Sign the closing documents Receive your keys Final
Pre Qualified vs Pre Approved WHAT YOU SHOULD KNOW PRE QUALIFIED Most buyers will need a mortgage to finance their home purchase so we advise that you prepare before you look Your lender will generate a mortgage pre qualification based on your debtto income your credit score and your overall financial position You should also consider your budget and comfort level with the payment amount A pre qualification letter will state the estimated loan amount your lender has calculated based on your income and credit profile without any documentation PRE APPROVED Monthly debt payments Lenders examine your payment obligations to calculate your debt to income ratio Real estate debt If your current property is mortgaged have your most recent statement Down payment gift letters Lenders will want to talk about your down payment Bank statements Copy 60 days worth of statements for every account whose assets you re using to qualify for the mortgage Retirement and brokerage accounts Two months of statements from IRAs investment accounts Lending Partners Dan Van Winkle President 2300 13th Ave S Fargo ND 58103 NMLS 8495 Direct 701 356 9898 Email dan firstclasscorp com
Financial Checklist Money you will need in order purchase a home EARNEST MONEY Typically 1 of the purchase price rounded up or down to the nearest 500 This is paid when the offer has been negotiated and accepted by both parties INSPECTION FEES This can range depending on what inspections are ordered plan for between 400 600 This is paid at the time of inspection prior to closing CLOSING COSTS Typically 3 of the purchase price This can be negotiated with the Seller to help pay depending on the state of the market at the time of purchase DOWNPAYMENT This can be between 3 5 20 or more of the purchase price depends on the type of mortgage loan you will get Lender will work through your options in the pre qualification process to
Common Buyer Mistakes Not getting pre qualified Probably the most important step to take when first considering buying a new home is to work out exactly what you have to spend on purchasing a property Searching outside your range While it may be fun to dream searching for property that is out of your financial range is not going to help if you are serious about buying a new home Don t take an area at face value This is a problem that often surfaces only when it s too late Failing to research an area properly can result in your dream turning into a nightmare Don t make assumptions It may be human nature to think that a property which hasn t been snapped up within a couple of months of being on the market is inherently flawed Not Working With A Real Estate Agent The fact is that real estate agents are experts Although you may save some money by handling the process yourself having a real estate expert in your corner can help to ease anxiety and make the home buying process go more smoothly overall Market conditions Markets are fluid and their ever changing nature means that it is always prudent to be aware of their current state
Make a Fair Offer Work with your real estate agent to evaluate comparable listings in the area to determine the right amount to offer Know how to time your offer The housing market is extremely competitive in most areas right now so for many buyers getting into contract quickly is key Offer cash if you can Not having a mortgage will make the sale much more efficient Wait for a response from the seller It s the worst part but obviously necessary If the offer is accepted you re ready to move on to the other steps in the homebuying process If the seller declines or counteroffers and you still want to buy the home come up with a more attractive offer and resubmit Avoid common deal breakers If you want the best shot at scoring your dream home it s wise to know what pitfalls to avoid
House Hunting Tips USEFUL INFORMATION INVESTIGATE THE AREA Lorem ipsum dolor sit amet consectetur adipiscing elit suspendisse rutrum fames augue commodo phasellus fermentum amet sit Lorem ipsum dolor sit amet consectetur adipiscing elit suspendisse rutrum fames augue commodo phasellus ASK AROUND Lorem ipsum dolor sit amet consectetur adipiscing elit suspendisse rutrum fames augue commodo phasellus fermentum amet sit Lorem ipsum dolor sit amet consectetur adipiscing elit suspendisse rutrum fames augue commodo phasellus KEEP AN OPEN MIND Lorem ipsum dolor sit amet consectetur adipiscing elit suspendisse rutrum fames augue commodo phasellus fermentum amet sit Lorem ipsum dolor sit amet consectetur adipiscing elit suspendisse rutrum fames augue commodo phasellus TAKE PICTURES AND NOTES Lorem ipsum dolor sit amet consectetur adipiscing elit suspendisse rutrum fames augue commodo phasellus fermentum amet sit Lorem ipsum dolor sit amet consectetur adipiscing elit suspendisse rutrum fames augue commodo phasellus FIND OUT HOW MUCH OTHER HOUSES HAVE SOLD FOR Lorem ipsum dolor sit amet consectetur adipiscing elit suspendisse rutrum fames augue commodo phasellus fermentum amet sit Lorem ipsum dolor sit amet consectetur adipiscing elit suspendisse rutrum fames augue commodo phasellus CHECK OUT THE NEIGHBORHOOD BEFORE MAKING AN OFFER Lorem ipsum dolor sit amet consectetur adipiscing elit suspendisse rutrum fames augue commodo phasellus fermentum amet sit Lorem ipsum dolor sit amet consectetur adipiscing elit suspendisse rutrum fames augue commodo phasellus BE READY TO MAKE AND OFFER Lorem ipsum dolor sit amet consectetur adipiscing elit suspendisse rutrum fames augue commodo phasellus fermentum amet sit Lorem ipsum dolor sit amet consectetur adipiscing elit suspendisse rutrum fames augue commodo phasellus
Home Search Useful Checklist Practical Aspects LOCATION Always remember it s better to be the worst house on the best street rather than the best house on the worst street LOCAL SCHOOLS Location is everything Make your list of priorities for example good schools commuting countryside views great pubs good sized garden size MEET THE NEIGHBORS You will get lots of honest information from the neighbors so definitely knock on their door and get the down low on the house you are looking at You will also get a chance to see who you will be living next to THINK TO THE FUTURE It may just be you or just you two now but take it from us things move on fast Where will you be in 5 years time And what will you need space for TRANSPORT LINKS If you commute by train or bus then it goes without saying that you ll want to make sure that the local transport links are good
Frequently Asked Questions How will you tell me about the newest homes available The Multiple Listing Service MLS Website provides up to date information for every home on the market I constantly check the New on Market list so I can be on the lookout for my clients I will set up a search based on your criteria these homes will be automatically emailed to you as soon as they hit the market You can review decide if there is anything you want to look at in person Will you inform me of homes from all real estate companies or only Modern Prairie Real Estate I will keep you informed of all homes I want to help you find your dream home which means I need to stay on top of every home that s available on the market Can you help me find new construction homes Yes I can work with most builders and get you the information you need to make a decision On your first visit with the builder I will accompany you By using my services with a new construction home purchase you will receive the services I offer as well as those provided by the builder at no additional cost How does for sale by owner FSBO work Homeowners trying to sell their home without agent representation are usually doing so in the hopes of saving the commission If you see a FSBO and want the advantages of my services let me contact the owner for you and make an appointment Most times the homeowner will work with an agent even though their home is not listed since the agent is introducing a potential buyer to their property Can we go back through our property again once an offer is accepted but before possession Yes you can be present at the home inspection usually a 10 14 days after acceptance You will also see it again the day before closing a we will schedule a final walk through prior to signing all loan paperwork and taking possession of the home Once my offer is accepted what should I do Celebrate and focus on working with your lender to finalize the loan and given them any necessary paperwork You will want to schedule your move pack items and notify businesses of your address change I will provide you with a moving checklist to help you remember all the details
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Getting Started Basic Information Name Phone Email Name Phone Email Who is the primary contact and what is the best time and way to reach that individual What is prompting your move What is your current living situation When do you wish to be in your new home Are you pre approved for a mortgage What is your price range monthly budget Do you have a home to sell Who will be living in the home you purchase Do you have any pets
Describe your lifestyle What do you enjoy doing at home Do you do a lot of entertaining How do you spend your time in the evenings and on the weekends Does your home need to accommodate any special needs Is there anything I should know about your lifestyle that I have not asked Tell me about your ideal location Are schools important Do you want a house in move in condition or are you willing to do some work on it What type of home are you looking for e g single family condo town house etc How many bedrooms do you need How many bathrooms do you need How many garage stalls do you need Is a fenced yard necessary If you could have one last thing to make this your dream home what would that be
Buyer Questionnaire Contact Information BUYER NAME Details BATHROOMS BEDROOMS ADDRESS MOVING DATE PHONE AREA EMAIL KEY ASPECTS IN A HOME CO BUYER NAME PHONE DEAL BREAKERS EMAIL ARE YOU PRE APPROVED YES NO WHAT IS YOUR PRICE RANGE ARE YOU SELLING YOUR CURRENT HOME YES NO ADDITIONAL NOTES EXPECTATIONS FROM YOUR REALTOR