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home BUYING A NEW

Hello TAKIA M GREEN CARMICHAEL REALTOR Thank you for choosing to put your trust in me for the process of buying your home I am committed to ensuring that ALL of your real estate needs are not just met but exceeded I ve created this book for your convenience and I hope that it will be a valuable resource While the entire process is outlined for you here please know that I will be staying in constant contact with you throughout the process Your experience will be unique and I will adjust my service according to your wants and needs My focus is on your complete satisfaction Takia M Green Carmichael 866 201 6210 TAKIA GREEN CARMICHAE WWW TAKIAGREENCARMICHA HTTPS TAKIAGREENCARMI EXT 1869 L EXPREALTY COM EL EXPREALTY COMY COM CHAEL EXPREALTY COM

STEPS TO CLOSING 01 FIND THE RIGHT AGENT 02 PREPARE FINANCES 03 GET PRE APPROVED 04 START HOME SHOPPING 05 MAKE AN OFFER 06 ORDER AN INSPECTION 07 NEGOTIATE FINAL OFFER 08 APPRAISAL ORDERED 09 SCHEDULE THE MOVE 10 CLOSING DAY TAKIA M GREEN CARMICHAEL BUYING A NEW HOME

01AGENT FIND THE RIGHT Buying a home is one of the most significant purchases in a lifetime It is essential to have an experienced agent in your corner always looking out for your best interest A buyer agent s fiduciary responsibility is to represent the buyer and to ensure that their interests are protected After all a seller has someone in their corner A listing agent has an allegiance to the seller Their goal is to get the seller top dollar for their home There is incredible value in having someone working for YOUR best interests when buying a home QUESTIONS TO ASK AN AGENT WHILE INTERVIEWING 1 HOW MUCH ARE ALL YOUR FEES 2 HOW LONG IS YOUR CONTRACT 3 CAN I CANCEL THE CONTRACT EARLY 4 HOW LONG HAVE YOU BEEN IN THE REAL ESTATE BUSINESS 5 CAN I ASK FOR SOME REFERENCES 6 HOW MANY CLIENTS ARE YOU SERVICING RIGHT NOW 7 BEFORE LOOKING AT HOMES DO YOU FIRST REQUIRE A CLIENT TO GET A PRE QUALIFICATION LETTER FROM A LENDER 8 HOW DO YOU ASSIST BUYERS IN CLOSING THE DEAL 9 HOW CAN I COMMUNICATE WITH YOU 10 WHAT ARE YOU HOURS TAKIA M GREEN CARMICHAEL BUYING A NEW HOME

MY COMMITMENT TO YOU 1 2 3 4 5 6 GETTING YOU IN THE DOOR We will narrow down the homes that fit your unique wants and needs get you in the door Looking at dozens of homes every week I I can help you identify potential problems within a home HANDLING CHALLENGING CONVERSATIONS When repairs or changes in price need to made I will be your guide and handle requesting any repairs or changes in price to the sellers STAYING ON TOP OF THE PAPERWORK Buying a home involves many types of documentation I have the experience and knowledge to navigate real estate contracts Ensuring that nothing is overlooked and that you truly understand what a paper means before ever signing on the dotted line ON YOUR SIDE A buyer s agent will represent your best interests With a pulse on the local market and a sound understanding of how various amenities effect the value of a home we will make sure we submit a competitive offer on the right house for you NEIGHBORHOOD EXPERT Working daily in neighborhoods with inspectors contractors and negotiating with sellers I have the market knowledge you need to get the best results from your purchase Understanding the local real estate market can go a long way when it comes time to make an offer on a house PROBLEM SOLVER I will work hard to protect all of your interests and take on any issues that may arise throughout the entire process Hopefully making buying a home a fun and stress free process TAKIA M GREEN CARMICHAEL BUYING A NEW HOME

02 PREPARE YOUR Mortgage lenders recommend you do not stretch yourself beyond buying a FINANCES FINANCIALS AND MORTGAGE PAYMENT home that is more than 3 to 5 times your annual household income If you are not purchasing a home with cash you will need a mortgage pre approval provided by your mortgage lender A lender will work with you to get a loan that meets your needs Some buyers are concerned with keeping Study your credit report Make note of any errors you see and talk to your lender about them Compile necessary documents including pay stubs bank statements and past tax returns Determine how much of a payment you are comfortable with Don t forget you will have taxes and insurance on top of your base mortgage payment their monthly payments as low as possible others want to make sure that their monthly payments never increase SAVE CASH FOR A DOWN PAYMENT OTHER EXPENSES In order to make your dream of buying a home a reality you will need to save cash for your down payment earnest money closing costs home inspector A Down Payment is typically between 3 5 20 of the purchase price Earnest Money is money you put down to show you re serious about purchasing a home It s also known as a good faith deposit Closing Costs for the buyer run between 2 5 of the loan amount A Home Inspection costs 300 to 500 TAKIA M GREEN CARMICHAEL BUYING A NEW HOME

03 RESEARCH LENDERS AND GET PRE APPROVED Credit score and financial documents in hand you re ready to start researching options for your home loan Take advantage of online aids You can comparison shop from a diverse group of reputable lenders in all 50 states ranging from small regional providers to larger well known brands such as Citi and Bank of America You ll get a personalized quote and can read lender reviews and ratings to help gain insights into which lender is right for you Find out if you qualify for a special loan such as a Veterans Affairs VA loan or any special home buying financing options through state or federal programs Make sure you get that mortgage preapproval letter it ll make you a more competitive buyer Note Being pre approved unlike being pre qualified means you ve actually been approved by a lender for a specific loan amount You will need to provide documented financial information income statements assets debt credit reports etc to be reviewed verified by the lender RESEARCH MORTGAGES AND LENDERS Find out if you qualify for a special loan such as a VA FHA or HUD home buying program Request quotes from multiple lenders and comparison shop for loans Get preapproved for a mortgage and receive your letter TAKIA M GREEN CARMICHAEL BUYING A NEW HOME

04 START HOME RESEARCH MORTGAGES AND LENDERS Get a head start by compiling your home wish list Spend time in each area imagining yourself living there Find properties in your price range in your preferred neighborhoods Visit open houses and have one of our team members schedule private showings Make a list of the things you ll need to have in the house Ask yourself how many bedrooms and bathrooms you ll need and get an idea of how much space you desire How big do you want the kitchen to be Do you need lots of closets and cabinet space Do you need a big yard for your kids and or pets to play in Once you ve made a list of your must haves don t forget to think about the kind of neighborhood you want types of schools in the area the length of your commute to and from work and the convenience of local shopping Take into account your safety concerns as well as how good the rate of home appreciation is in the area TIPS We will make sure to check out the little details of each house Test the plumbing Try the electrical system Open and close the windows doors to make sure they work properly Evaluate the neighborhood and surrounding areas Are the surrounding homes well maintained How much traffic is on the street Is it conveniently located to schools shopping restaurants parks TAKIA M GREEN CARMICHAEL BUYING A NEW HOME

MAKE ANOFFER 05 Your finances are in order your ideal neighborhoods identified next up is finding that perfect property and making a competitive offer More importantly one that is accepted over other offers As more and more people looking to become homeowners it s important to prepare yourself for the mortgage process home search bidding wars and what you ll do next if you do not get the home of your dreams Here are my 6 strategies to getting your offer accepted 01 02 03 COMPETITIVE OFFER EARNEST MONEY GIFT OF TIME A good rule of thumb specifically in a seller s market is to start strong To do this we will assess the property s market value with a CMA and determine what it s worth in the current market This deposit signals how serious a buyer you are Try doubling the amount that the seller requests or that is customary in the area So be sure you do not back out of the contract for no good reason If you do you ll lose your earnest money Express your willingness to work with the sellers timetable to go to closing We can ask the sellers when their ideal closing date would be so the offer will make them feel like they are winning 04 05 MAKE A CONNECTION LIMIT CONTINGENCIES ESCALATION CLAUSE Tell the seller why you love their home Is it the neighborhood park or access to top rated schools Maybe the kitchen size and design is everything you ve dreamed of Speak up Establishing rapport with the sellers can tug at their emotions So help them to remember your name when they review potential offers Contingencies can add time to the negotiation process They re beneficial to buyers but can be a nuisance to sellers who are ready to move on fast It s important to avoid any unnecessary contingencies According to the National Association of Realtors the offer with the fewest contingencies is often the most attractive An escalation clause is a way to automatically escalate your bid by a certain dollar amount up to a certain dollar amount Keep in mind you re risking the seller seeing the true amount you ll pay and maybe paying significantly over the home s appraised value Is this home truly worth it 06 TAKIA GREEN CARMICHAEL BUYING A NEW HOME

THE OFFER PROCESS After Making an Offer First Offer Submitted Counter Repeat Accepted ACCEPT THE OFFER DECLINE THE OFFER This happens if the seller thinks your offer isn t close enough to their expectations to further negotiate A counter offer is when the seller offers you different terms If this happens you can ACCEPT THE COUNTER OFFER DECLINE THE COUNTER OFFER You can negotiate back and forth as many times as needed until you reach an agreement or someone chooses to walk away Once all parties agree on all the terms you are officially under contract CONGRATS TAKIA M GREEN CARMICHAEL BUYING A NEW HOME

ORDER AN INSPECTION A home inspection can help identify deficiencies in a home you re considering purchasing If the inspection reveals problems are at work or repairs are needed you may be able to negotiate with the seller to fix those issues 06 During the inspection period we will schedule an inspection with a reputable home inspector to do a thorough investigation of the home Once this is complete the inspector will provide us with a list of findings NEGOTIATE FINALOFFER 07 Here are your options after a home inspection reveals problems 1 Ask the seller to make the repairs themselves 2 Ask for credits toward your closing costs 3 Ask the seller to reduce the sales price to make up for the repairs 4 Back out of the transaction if you have an inspection contingency in place 5 Move forward with the deal In order to negotiate for repairs or credits start by getting an estimate from a local contractor or construction professional for how much the repairs will cost If you re working with a real estate agent he or she should handle the negotiations on your behalf Make sure your agent has a copy of the inspection report to use as leverage when working with the listing agent and their sellers TAKIA M GREEN CARMICHAEL BUYING A NEW HOME

08 ORDERED APPRAISAL When your home is under contract you can t move forward with the sale until an appraisal is done on your home The outcome can affect whether or not you make it to closing and whether the price in the offer is the price you ll end up with on settlement day I go the extra mile during this phase of being under contract meeting the appraiser at your home and creating an information packet that helps the appraiser have all the information he or she needs for a favorable outcome You don t want the appraised value of your home to come in below the price you ve negotiated with the buyer so I have a very specific process for making sure that doesn t happen TAKIA M GREEN CARMICHAEL BUYING A NEW HOME

09 YOUR MOVE SCHEDULING A F T E R S I G N I N G FINALIZE MORTGAGE SCHEDULE HOME INSPECTION Declutter Sort through every drawer closet cupboard shelf removing items you no longer need or like Donate or sell items that are in good condition Get copies of medical records and store with your other important documents Create an inventory of anything valuable that you plan to move Get estimates from moving companies 4 WEEKS TO MOVE Give 30 days notice if you are currently renting Schedule movers moving truck buy find packing materials START PACKING 3 WEEKS TO MOVE ARRANGE APPRAISAL COMPLETE TITLE SEARCH TITLE COMPANY WILL DO THIS 2 WEEKS TO MOVE SECURE HOME WARRANTY GET QUOTES FOR HOME INSURANCE SCHEDULE TIME FOR CLOSING Contact utility companies water electric cable Change address mailing subscriptions etc Minimize grocery shopping Keep on packing 1 WEEKS TO MOVE OBTAIN CERTIFIED CHECKS FOR CLOSING SCHEDULE AND ATTEND FINAL WALK THROUGH Finish packing Clean Pack essentials for a few night in new home Confirm delivery date with the moving company Write directions to the new home along with your cell phone number Pack essentials for a few night in new home TAKIA M GREEN CARMICHAEL BUYING A NEW HOME

10 CLOSING DAY Closing is when you sign ownership and insurance paperwork and you receive your new home s keys Typically closing takes four to six weeks During this time purchase funds are held in escrow where your money is held safe until the transaction is complete FINAL WALK THROUGH We will do a final walk through the home within 24 hours of closing to check the property s condition This final inspection takes about an hour We will make sure any repair work that the seller agreed to make has been done We will be sure to Make sure all appliances are working properly Run the water in all the faucets and check for any possible leaks Open and close garage doors with opener Flush toilets Run the garbage disposal and exhaust fans CLOSING TABLE Who will be there Your agent The seller The seller s agent Your loan officer BRING TO CLOSING Government issued photo ID Copy of the sales contract RECEIVE YOUR KEYS Congratulations It was a lot of hard work but you are now officially home owners Time to throw a party and get to know your new neighbors TAKIA M GREEN CARMICHAEL BUYING A NEW HOME

HOMES TOURED ADDRESS PRICE HOW MUCH DO YOU LIKE THIS HOUSE 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10 TAKIA M GREEN CARMICHAEL BUYING A NEW HOME

Takia M Green Carmichael 866 201 6210 EXT 1869 TAKIA GREEN CARMICHAEL EXPREALTY COM WWW TAKIAGREENCARMICHAEL EXPREALTY COMY COM HTTPS TAKIAGREENCARMICHAEL EXPREALTY COM